Short Interest in MTU Aero Engines AG (OTCMKTS:MTUAY) Drops By 40.3%

MTU Aero Engines AG (OTCMKTS:MTUAY) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 14,266 shares, a decline of 40.3% from the May 31st total of 23,893 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 62,067 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

A number of research analysts have recently commented on MTUAY shares. Kepler Capital Markets raised shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Berenberg Bank downgraded MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Zacks Research upgraded MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. UBS Group cut MTU Aero Engines from a “hold” rating to a “sell” rating in a report on Friday, April 24th. Finally, BNP Paribas Exane assumed coverage on MTU Aero Engines in a research report on Monday, April 13th. They issued an “outperform” rating for the company. 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

MTU Aero Engines Stock Up 0.8%

Shares of MTUAY opened at $208.05 on Wednesday. The company has a market capitalization of $22.42 billion, a P/E ratio of 19.46 and a beta of 1.03. MTU Aero Engines has a one year low of $157.93 and a one year high of $238.57. The business’s 50 day simple moving average is $179.55 and its 200-day simple moving average is $198.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 1.06.

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.