Short Interest in MTU Aero Engines AG (OTCMKTS:MTUAY) Expands By 287.8%

MTU Aero Engines AG (OTCMKTS:MTUAY) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 23,893 shares, a growth of 287.8% from the May 14th total of 6,161 shares. Based on an average trading volume of 60,655 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Several equities analysts have 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. Citigroup restated a “sell” rating on shares of MTU Aero Engines in a research note on Wednesday, February 25th. Kepler Capital Markets upgraded shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. UBS Group downgraded shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. Finally, BNP Paribas Exane assumed coverage on shares of MTU Aero Engines in a research note on Monday, April 13th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

MTU Aero Engines Stock Performance

Shares of OTCMKTS:MTUAY traded up $0.02 on Friday, reaching $181.16. The company’s stock had a trading volume of 17,481 shares, compared to its average volume of 29,879. The stock’s 50-day moving average is $178.12 and its two-hundred day moving average is $199.45. MTU Aero Engines has a 52-week low of $157.93 and a 52-week high of $238.57. 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 stock has a market capitalization of $19.52 billion, a P/E ratio of 16.95 and a beta of 1.03.

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.