ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Sees Large Increase in Short Interest

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 4,642 shares, an increase of 148.0% from the May 14th total of 1,872 shares. Based on an average daily trading volume, of 40,045 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

ThyssenKrupp Trading Up 6.0%

Shares of ThyssenKrupp stock opened at $12.90 on Friday. The stock has a market capitalization of $8.03 billion, a P/E ratio of 15.73 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The company has a 50-day simple moving average of $11.59 and a 200 day simple moving average of $11.45. 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 a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research note on Thursday, April 30th. Zacks Research cut shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Barclays restated an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Finally, Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

ThyssenKrupp Company Profile

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.