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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 13,310 shares, an increase of 186.7% from the May 31st total of 4,642 shares. Based on an average daily trading volume, of 20,875 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

TKAMY has been the subject of a number of research analyst reports. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft raised shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

ThyssenKrupp Price Performance

TKAMY opened at $11.68 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $12.22 and its 200 day moving average price is $11.59. ThyssenKrupp has a fifty-two week low of $8.16 and a fifty-two week high of $17.02. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 14.24 and a beta of 1.37.

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.