ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Short Interest Down 79.0% in July

Key Points

• ThyssenKrupp AG saw a 79% decrease in short interest in July, with the total short interest falling from 11,900 shares to just 2,500 shares.
• The company reported $0.28 earnings per share for the quarter, surpassing expectations of $0.23, along with revenue of $9.73 billion compared to the anticipated $8.62 billion.
• Despite positive earnings, DZ Bank downgraded ThyssenKrupp's rating from "hold" to "strong sell" on July 30th.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 2,500 shares, adropof79.0% from the July 15th total of 11,900 shares. Based on an average daily volume of 267,700 shares, the short-interest ratio is presently 0.0 days. Currently,0.0% of the shares of the stock are short sold. Currently,0.0% of the shares of the stock are short sold. Based on an average daily volume of 267,700 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, DZ Bank lowered shares of ThyssenKrupp from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 30th.

ThyssenKrupp Trading Up 2.1%

OTCMKTS TKAMY traded up $0.21 during trading hours on Tuesday, reaching $10.23. The company's stock had a trading volume of 9,345 shares, compared to its average volume of 105,625. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.76 and a quick ratio of 1.10. ThyssenKrupp has a 52 week low of $3.08 and a 52 week high of $13.29. The firm has a fifty day simple moving average of $11.30 and a 200-day simple moving average of $9.99. The stock has a market cap of $6.37 billion, a P/E ratio of -7.20 and a beta of 1.26.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.28 earnings per share (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 firm had revenue of $9.73 billion during the quarter, compared to analyst estimates of $8.62 billion.

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.