ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Short Interest Update

Key Points

• ThyssenKrupp AG experienced a 40.0% rise in short interest in August, increasing from 2,500 shares at the end of July to 3,500 shares by August 15th.
• Analyst ratings vary for ThyssenKrupp, with DZ Bank downgrading the stock from "hold" to "strong sell," while two analysts rated it as a Strong Buy and two others as a Sell.
• The company reported earnings of $0.28 per share in its latest quarter, surpassing analyst expectations of $0.23, with quarterly revenue reaching $9.73 billion compared to estimates of $8.62 billion.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 3,500 shares, an increase of 40.0% from the July 31st total of 2,500 shares. Based on an average daily trading volume, of 87,200 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 87,200 shares, the days-to-cover ratio is currently 0.0 days.

ThyssenKrupp Stock Up 0.3%

Shares of TKAMY traded up $0.04 during mid-day trading on Friday, reaching $12.32. The company's stock had a trading volume of 6,535 shares, compared to its average volume of 27,218. ThyssenKrupp has a 12-month low of $3.25 and a 12-month high of $13.29. The stock has a market cap of $7.67 billion, a PE ratio of -8.68 and a beta of 1.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.73 and a quick ratio of 1.09. The company's 50 day moving average is $11.56 and its 200 day moving average is $10.65.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last issued 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 net margin of 2.40% and a negative return on equity of 7.90%. The business had revenue of $9.73 billion during the quarter, compared to analysts' expectations of $8.62 billion.

Analysts Set New Price Targets

Separately, DZ Bank lowered ThyssenKrupp from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, ThyssenKrupp currently has an average rating of "Moderate Buy".

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.