Short Interest in MTU Aero Engines AG (OTCMKTS:MTUAY) Drops By 56.3%

MTU Aero Engines AG (OTCMKTS:MTUAY) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 700 shares, a drop of 56.3% from the December 15th total of 1,600 shares. Based on an average trading volume of 9,100 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th.

MTU Aero Engines Stock Down 0.5 %

MTUAY stock opened at $165.65 on Tuesday. The firm has a market cap of $17.83 billion, a PE ratio of 23.40 and a beta of 1.44. MTU Aero Engines has a 12 month low of $110.50 and a 12 month high of $172.71. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $167.11 and a 200 day simple moving average of $155.50.

MTU Aero Engines (OTCMKTS:MTUAY) last announced its quarterly earnings data on Thursday, October 24th. The company reported $2.02 EPS for the quarter. The company had revenue of $2.08 billion during the quarter. MTU Aero Engines had a return on equity of 23.13% and a net margin of 10.16%. Equities research analysts forecast that MTU Aero Engines will post 7.39 earnings per share for the current fiscal year.

About MTU Aero Engines

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO Business).