Short Interest in ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Expands By 297.1%

Key Points

• ThyssenKrupp AG Sponsored ADR experienced a significant rise in short interest, increasing by 297.1% in August, with a total of 13,900 shares sold short as of August 31st.
• The company's stock has seen a recent uptick of 2.1%, currently trading at $12.28, and has a market cap of $7.64 billion.
• After reporting better-than-expected earnings, with $0.28 EPS against an estimated $0.23, DZ Bank downgraded the stock from "hold" to "strong sell."

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 13,900 shares, a growth of 297.1% from the August 15th total of 3,500 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 60,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 60,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, DZ Bank lowered shares of ThyssenKrupp from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

ThyssenKrupp Price Performance

ThyssenKrupp stock traded down $0.20 during trading hours on Wednesday, reaching $13.34. 68,169 shares of the stock were exchanged, compared to its average volume of 99,517. The company has a market cap of $8.30 billion, a P/E ratio of -9.39 and a beta of 1.32. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 0.06. ThyssenKrupp has a twelve month low of $3.35 and a twelve month high of $13.72. The stock has a 50 day moving average of $11.62 and a two-hundred day moving average of $10.74.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. ThyssenKrupp had a negative net margin of 2.40% and a negative return on equity of 7.90%. The firm had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $8.62 billion.

About ThyssenKrupp

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.