Short Interest in thyssenkrupp AG (OTCMKTS:TKAMY) Rises By 906.1%

thyssenkrupp AG (OTCMKTS:TKAMY) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 49,300 shares, a growth of 906.1% from the October 15th total of 4,900 shares. Based on an average trading volume of 18,500 shares, the days-to-cover ratio is currently 2.7 days.

thyssenkrupp Price Performance

Shares of OTCMKTS TKAMY traded down $0.08 during midday trading on Tuesday, reaching $3.59. 7,126 shares of the company traded hands, compared to its average volume of 10,283. The stock’s 50-day simple moving average is $3.55 and its 200-day simple moving average is $4.14. The firm has a market cap of $2.23 billion, a PE ratio of -40.77 and a beta of 1.93. thyssenkrupp has a 12 month low of $3.08 and a 12 month high of $7.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.16 and a current ratio of 1.85.

thyssenkrupp (OTCMKTS:TKAMY) last issued its earnings results on Wednesday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $9.67 billion for the quarter. thyssenkrupp had a negative net margin of 0.14% and a negative return on equity of 0.45%.

Analyst Upgrades and Downgrades

Separately, Citigroup raised thyssenkrupp to a “strong-buy” rating in a research note on Monday, September 16th.

About thyssenkrupp

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.