Short Interest in ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Drops By 50.5%

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,872 shares, a decline of 50.5% from the April 30th total of 3,782 shares. Based on an average daily volume of 35,968 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

ThyssenKrupp Trading Up 1.5%

TKAMY stock traded up $0.19 during trading on Tuesday, reaching $13.56. 15,260 shares of the stock traded hands, compared to its average volume of 18,057. The business’s 50 day moving average price is $10.93 and its 200-day moving average price is $11.43. ThyssenKrupp has a 52-week low of $8.16 and a 52-week high of $17.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.72 and a quick ratio of 1.01. The firm has a market capitalization of $8.44 billion, a PE ratio of 16.54 and a beta of 1.37.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a report on Thursday, May 14th. Barclays restated an “underweight” rating on shares of ThyssenKrupp in a report on Monday, February 23rd. Jefferies Financial Group upgraded ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft raised ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Finally, Zacks Research downgraded ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

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.