MTU Aero Engines AG (OTCMKTS:MTUAY) Sees Large Decrease in Short Interest

MTU Aero Engines AG (OTCMKTS:MTUAY) saw 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 daily volume of 9,100 shares, the days-to-cover ratio is presently 0.1 days.

MTU Aero Engines Trading Up 1.6 %

Shares of OTCMKTS:MTUAY traded up $2.65 during midday trading on Thursday, hitting $169.11. 7,703 shares of the stock traded hands, compared to its average volume of 7,610. The company has a quick ratio of 0.86, a current ratio of 1.18 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $166.97 and its two-hundred day moving average is $155.85. The stock has a market capitalization of $18.20 billion, a PE ratio of 23.89 and a beta of 1.44. MTU Aero Engines has a one year low of $110.50 and a one year high of $172.71.

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

Analyst Ratings Changes

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

MTU Aero Engines Company Profile

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).