thyssenkrupp AG (OTCMKTS:TKAMY) Sees Large Increase in Short Interest

thyssenkrupp AG (OTCMKTS:TKAMY) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 40,100 shares, an increase of 854.8% from the November 15th total of 4,200 shares. Based on an average daily volume of 64,300 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

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

thyssenkrupp Trading Down 2.5 %

thyssenkrupp stock traded down $0.11 during midday trading on Friday, reaching $4.35. The stock had a trading volume of 23,687 shares, compared to its average volume of 11,073. The stock’s 50-day simple moving average is $3.81 and its 200 day simple moving average is $3.95. thyssenkrupp has a twelve month low of $3.08 and a twelve month high of $7.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.16 and a current ratio of 1.85. The stock has a market capitalization of $2.71 billion, a PE ratio of -1.64 and a beta of 1.99.

thyssenkrupp Company Profile

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.