MTU Aero Engines AG (OTCMKTS:MTUAY) Sees Significant Drop in Short Interest

MTU Aero Engines AG (OTCMKTS:MTUAY) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 5,660 shares, a drop of 33.5% from the June 30th total of 8,514 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 35,044 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank downgraded shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. UBS Group cut shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research report on Friday, April 24th. BNP Paribas Exane started coverage on shares of MTU Aero Engines in a report on Monday, April 13th. They issued an “outperform” rating for the company. Zacks Research raised MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, Kepler Capital Markets upgraded MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, MTU Aero Engines currently has a consensus rating of “Hold”.

MTU Aero Engines Stock Performance

OTCMKTS MTUAY opened at $207.80 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 1.06. The company has a market cap of $22.39 billion, a P/E ratio of 19.44 and a beta of 1.01. The stock has a 50-day moving average of $192.88 and a two-hundred day moving average of $197.37. MTU Aero Engines has a 1-year low of $157.93 and a 1-year high of $238.57.

MTU Aero Engines (OTCMKTS:MTUAY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.01). MTU Aero Engines had a return on equity of 24.07% and a net margin of 11.28%. As a group, analysts anticipate that MTU Aero Engines will post 11.03 EPS for the current year.

About MTU Aero Engines

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.