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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 3,782 shares, an increase of 815.7% from the April 15th total of 413 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 40,503 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

TKAMY has been the topic of several research reports. Zacks Research cut ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Barclays reiterated an “underweight” rating on shares of ThyssenKrupp in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft upgraded ThyssenKrupp from a “buy” rating to a “buy” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group upgraded ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Three equities research 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

ThyssenKrupp Trading Up 4.5%

TKAMY stock traded up $0.53 during trading on Wednesday, hitting $12.22. The company had a trading volume of 18,290 shares, compared to its average volume of 49,825. The business has a 50-day moving average of $10.23 and a 200-day moving average of $11.63. ThyssenKrupp has a one year low of $8.16 and a one year high of $17.02. The stock has a market cap of $7.61 billion, a PE ratio of 11.31 and a beta of 1.35. The company has a current ratio of 1.72, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its earnings results on Thursday, February 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.27). ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.08%. The company had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $9.42 billion. Research analysts predict that ThyssenKrupp will post 0.33 earnings per share for the current fiscal year.

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.