Short Interest in ThyssenKrupp AG (OTCMKTS:TYEKF) Declines By 31.8%

Key Points

• ThyssenKrupp AG experienced a significant drop in short interest, declining by 31.8% in August to a total of 732,300 shares.
• The company reported $0.28 earnings per share for the quarter, exceeding the consensus estimate of $0.23, with total revenue of $9.73 billion.
• ThyssenKrupp's stock is currently priced at $11.00, with a market capitalization of $6.85 billion and a 52-week price range between $3.10 and $13.32.

ThyssenKrupp AG (OTCMKTS:TYEKF - Get Free Report) was the target of a large decline in short interest in August. As of August 15th, there was short interest totaling 732,300 shares, a decline of 31.8% from the July 31st total of 1,073,600 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is presently 732.3 days. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is presently 732.3 days.

ThyssenKrupp Stock Performance

ThyssenKrupp stock traded up $0.47 during trading hours on Wednesday, reaching $11.96. 2,100 shares of the company were exchanged, compared to its average volume of 16,432. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of -8.42 and a beta of 1.12. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $11.36 and a 200 day moving average of $10.52. ThyssenKrupp has a 12 month low of $3.15 and a 12 month high of $13.32.

ThyssenKrupp (OTCMKTS:TYEKF - Get Free Report) last announced its earnings results 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. The firm had revenue of $9.73 billion during the quarter, compared to analysts' expectations of $8.62 billion. ThyssenKrupp had a negative return on equity of 7.71% and a negative net margin of 2.34%.

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.