ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Shares Shorted: Short Interest Down 86.3% in September

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 260 shares, a decline of 86.3% from the September 15th total of 1,895 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 70,653 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. Kepler Capital Markets lowered shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. DZ Bank raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Friday, September 4th. Finally, Zacks Research raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, ThyssenKrupp presently has an average rating of “Moderate Buy”.

ThyssenKrupp Stock Performance

ThyssenKrupp stock opened at $15.33 on Monday. The stock has a 50-day moving average of $16.17 and a two-hundred day moving average of $13.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 1.62. ThyssenKrupp has a one year low of $8.16 and a one year high of $18.16. The stock has a market cap of $9.54 billion, a PE ratio of 28.39 and a beta of 1.41.

About ThyssenKrupp

thyssenkrupp AG is a diversified industrial company headquartered in Essen, Germany. Its businesses develop and supply products, technologies and services for industrial, automotive, energy, materials and infrastructure customers worldwide.

The company’s activities include automotive components and systems, materials distribution and processing, steel production, and technologies for the energy transition. thyssenkrupp also operates marine businesses that provide submarines, naval vessels and related systems, as well as engineering and industrial solutions.