ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Short Interest Up 186.7% in June

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 13,310 shares, a growth of 186.7% from the May 31st total of 4,642 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 20,875 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, ThyssenKrupp currently has an average rating of “Hold”.

ThyssenKrupp Price Performance

Shares of OTCMKTS TKAMY opened at $11.68 on Monday. ThyssenKrupp has a fifty-two week low of $8.16 and a fifty-two week high of $17.02. The firm’s 50-day simple moving average is $12.22 and its 200 day simple moving average is $11.59. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The stock has a market cap of $7.27 billion, a P/E ratio of 14.24 and a beta of 1.37.

ThyssenKrupp Company Profile

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.