ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Sees Significant Growth in Short Interest

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 16,675 shares, an increase of 83.1% from the July 15th total of 9,105 shares. Based on an average daily volume of 25,508 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Wednesday, July 22nd. 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 MarketBeat.com, the company currently has an average rating of “Hold”.

ThyssenKrupp Trading Up 0.3%

OTCMKTS:TKAMY traded up $0.04 during midday trading on Monday, hitting $16.03. The stock had a trading volume of 16,576 shares, compared to its average volume of 38,142. The stock has a 50-day moving average of $13.35 and a 200 day moving average of $12.16. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 29.69 and a beta of 1.39. ThyssenKrupp has a one year low of $8.16 and a one year high of $17.02. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05.

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.