ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Sees Significant Increase in Short Interest

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 11,900 shares, agrowthof128.8% from the June 30th total of 5,200 shares. Based on an average daily volume of 210,400 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 210,400 shares, the days-to-cover ratio is currently 0.1 days.

ThyssenKrupp Stock Performance

TKAMY traded up $0.17 on Wednesday, hitting $10.95. 13,296 shares of the company traded hands, compared to its average volume of 109,501. The company has a quick ratio of 1.10, a current ratio of 1.76 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $11.10 and a 200-day moving average of $9.57. ThyssenKrupp has a 12-month low of $3.08 and a 12-month high of $13.29. The stock has a market capitalization of $6.82 billion, a PE ratio of -6.08 and a beta of 1.26.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). The business had revenue of $9.62 billion for the quarter, compared to analysts' expectations of $8.55 billion. ThyssenKrupp had a negative return on equity of 9.70% and a negative net margin of 3.04%.

Analyst Ratings Changes

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.