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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 7,678 shares, a drop of 42.3% from the June 15th total of 13,310 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 52,503 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TKAMY shares. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft raised shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

ThyssenKrupp Stock Performance

ThyssenKrupp stock opened at $13.68 on Thursday. The business’s 50-day moving average price is $12.75 and its two-hundred day moving average price is $11.80. The stock has a market cap of $8.51 billion, a PE ratio of 16.68 and a beta of 1.40. ThyssenKrupp has a 12-month low of $8.16 and a 12-month 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.