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) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 3,500 shares, anincreaseof40.0% from the July 31st total of 2,500 shares. Based on an average daily volume of 87,200 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 87,200 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, DZ Bank lowered shares of ThyssenKrupp from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, ThyssenKrupp presently has an average rating of "Moderate Buy".

ThyssenKrupp Price Performance

TKAMY stock opened at $11.48 on Monday. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of -8.08 and a beta of 1.33. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 0.06. ThyssenKrupp has a 12-month low of $3.08 and a 12-month high of $13.29. The company's fifty day simple moving average is $11.42 and its 200 day simple moving average is $10.52.

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

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.

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