ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Sees Large Decrease in Short Interest

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) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,500 shares, adeclineof79.0% from the July 15th total of 11,900 shares. Currently,0.0% of the company's shares are sold short. Based on an average daily volume of 267,700 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 267,700 shares, the days-to-cover ratio is presently 0.0 days. Currently,0.0% of the company's shares are sold short.

ThyssenKrupp Trading Down 8.3%

Shares of OTCMKTS:TKAMY opened at $10.35 on Friday. The business's 50-day moving average is $11.29 and its 200 day moving average is $9.85. ThyssenKrupp has a 1 year low of $3.08 and a 1 year high of $13.29. The firm has a market capitalization of $6.44 billion, a P/E ratio of -7.29 and a beta of 1.26. 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 (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 the consensus estimate of $0.23 by $0.05. ThyssenKrupp had a negative return on equity of 7.90% and a negative net margin of 2.40%. The firm had revenue of $9.73 billion during the quarter, compared to analysts' expectations of $8.62 billion.

Wall Street Analysts Forecast Growth

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.