ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Short Interest Down 66.9% in September

Key Points

• ThyssenKrupp AG experienced a significant drop in short interest, decreasing by 66.9% in September, with total short interest at 4,600 shares as of September 15th.
• The company's stock price increased by 5.2%, with shares opening at $14.48 and a market capitalization of $9.01 billion.
• ThyssenKrupp recently reported earnings of $0.28 per share, surpassing expectations with revenues of $9.73 billion for the quarter.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 4,600 shares, a drop of 66.9% from the August 31st total of 13,900 shares. Based on an average daily volume of 32,700 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 32,700 shares, the short-interest ratio is presently 0.1 days.

ThyssenKrupp Stock Up 5.2%

Shares of OTCMKTS:TKAMY opened at $14.48 on Thursday. ThyssenKrupp has a 1 year low of $3.44 and a 1 year high of $14.55. The business has a 50 day simple moving average of $11.79 and a two-hundred day simple moving average of $11.05. The firm has a market capitalization of $9.01 billion, a PE ratio of -10.20 and a beta of 1.26. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.73 and a quick ratio of 1.09.

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

Wall Street Analyst Weigh In

Separately, DZ Bank upgraded ThyssenKrupp from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold".

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.

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