Short Interest in ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Increases 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) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 13,900 shares, an increase of 297.1% from the August 15th total of 3,500 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 60,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 60,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company's shares are sold short.

ThyssenKrupp Stock Up 2.1%

Shares of OTCMKTS TKAMY opened at $12.28 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 0.06. ThyssenKrupp has a 52 week low of $3.12 and a 52 week high of $13.29. The firm's fifty day moving average is $11.53 and its 200 day moving average is $10.61. The company has a market cap of $7.64 billion, a price-to-earnings ratio of -8.65 and a beta of 1.32.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported $0.28 EPS for the quarter, topping the consensus estimate 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 company had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $8.62 billion.

Analyst Upgrades and Downgrades

Separately, DZ Bank lowered shares of ThyssenKrupp from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, ThyssenKrupp presently has an average rating of "Moderate Buy".

ThyssenKrupp Company Profile

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.

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