MTU Aero Engines AG (OTCMKTS:MTUAY) Sees Large Increase in Short Interest

MTU Aero Engines AG (OTCMKTS:MTUAY) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 23,893 shares, an increase of 287.8% from the May 14th total of 6,161 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 60,655 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

A number of brokerages have issued reports on MTUAY. Citigroup restated a “sell” rating on shares of MTU Aero Engines in a research report on Wednesday, February 25th. BNP Paribas Exane began coverage on MTU Aero Engines in a report on Monday, April 13th. They issued an “outperform” rating for the company. Berenberg Bank cut MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Zacks Research raised MTU Aero Engines from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Finally, UBS Group cut MTU Aero Engines from a “hold” rating to a “sell” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, MTU Aero Engines presently has an average rating of “Hold”.

MTU Aero Engines Trading Up 5.3%

Shares of OTCMKTS:MTUAY traded up $9.15 during trading on Thursday, reaching $181.14. The stock had a trading volume of 29,632 shares, compared to its average volume of 30,646. The stock has a market cap of $19.52 billion, a P/E ratio of 16.94 and a beta of 1.03. The business has a fifty day moving average price of $178.24 and a 200-day moving average price of $199.58. MTU Aero Engines has a fifty-two week low of $157.93 and a fifty-two week high of $238.57. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54.

MTU Aero Engines Company Profile

MTU Aero Engines AG is a German aircraft engine manufacturer headquartered in Munich that develops, manufactures and services commercial and military aero engines as well as industrial gas turbines. The company’s activities span the entire engine lifecycle, from conceptual design and development through production of modules and components to aftermarket maintenance, repair and overhaul (MRO). MTU supplies parts and technical solutions for a broad range of jet engines and turbomachinery used by airlines, MRO providers and defense customers.

In addition to core engine development and manufacturing, MTU offers comprehensive aftermarket services including scheduled and unscheduled maintenance, spare parts distribution, repair technologies and fleet support programs.