ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Short Interest Down 50.5% in May

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,872 shares, a drop of 50.5% from the April 30th total of 3,782 shares. Based on an average daily trading volume, of 35,968 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

ThyssenKrupp Price Performance

ThyssenKrupp stock traded down $0.26 during mid-day trading on Monday, hitting $13.37. 12,456 shares of the company were exchanged, compared to its average volume of 17,962. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.72 and a quick ratio of 1.01. The business’s 50 day simple moving average is $10.93 and its two-hundred day simple moving average is $11.43. The company has a market capitalization of $8.32 billion, a P/E ratio of 16.30 and a beta of 1.37. ThyssenKrupp has a 12-month low of $8.16 and a 12-month high of $17.02.

Analyst Ratings Changes

TKAMY has been the subject of several research analyst reports. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Barclays reiterated an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Finally, Zacks Research lowered shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ThyssenKrupp presently has a consensus rating of “Hold”.

About ThyssenKrupp

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.