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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 1,437 shares, a drop of 85.6% from the October 15th total of 9,999 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 11,091 shares, the short-interest ratio is currently 0.1 days.

ThyssenKrupp Stock Performance

Shares of ThyssenKrupp stock remained flat at $15.24 during trading on Wednesday. 4,462 shares of the stock were exchanged, compared to its average volume of 13,876. The firm has a market capitalization of $9.49 billion, a P/E ratio of 28.22 and a beta of 1.49. The firm’s fifty day simple moving average is $16.13 and its two-hundred day simple moving average is $13.38. 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 1-year low of $8.16 and a 1-year high of $18.16.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TKAMY. Kepler Capital Markets downgraded ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Zacks Research upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Friday, September 4th. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, August 21st. Finally, DZ Bank raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

ThyssenKrupp Company Profile

thyssenkrupp AG is a Germany-based industrial group formed in 1999 through the merger of Thyssen AG and Friedrich Krupp AG. The company has roots in the 19th-century steel and engineering industries and is headquartered in Essen, Germany. Its businesses span steel production and processing, materials distribution, automotive components and systems, industrial technologies, and marine systems. The group also develops technologies for areas such as industrial decarbonization and hydrogen production. thyssenkrupp serves customers across a range of industries and operates in markets around the world, with activities and customers in Europe and other international regions.