Short Interest in ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Increases By 815.7%

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 3,782 shares, an increase of 815.7% from the April 15th total of 413 shares. Based on an average daily trading volume, of 40,503 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

ThyssenKrupp Trading Down 4.5%

TKAMY opened at $12.10 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.72 and a quick ratio of 1.01. The company’s 50 day simple moving average is $10.24 and its two-hundred day simple moving average is $11.65. ThyssenKrupp has a 1-year low of $8.16 and a 1-year high of $17.02. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 11.20 and a beta of 1.35.

ThyssenKrupp (OTCMKTS:TKAMY) last released its earnings results on Thursday, February 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). ThyssenKrupp had a return on equity of 9.08% and a net margin of 1.83%.The business had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $9.42 billion. Analysts expect that ThyssenKrupp will post 0.33 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.