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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 4,642 shares, an increase of 148.0% from the May 14th total of 1,872 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 40,045 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

TKAMY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a report on Thursday, April 30th. Zacks Research cut shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Thursday, May 14th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Finally, Barclays reiterated an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, ThyssenKrupp presently has an average rating of “Hold”.

ThyssenKrupp Price Performance

OTCMKTS:TKAMY opened at $12.90 on Friday. The stock has a market cap of $8.03 billion, a P/E ratio of 15.73 and a beta of 1.37. ThyssenKrupp has a one year low of $8.16 and a one year high of $17.02. The company has a fifty day moving average price of $11.59 and a 200 day moving average price of $11.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.66 and a quick ratio of 1.01.

About ThyssenKrupp

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.