MTU Aero Engines AG (OTCMKTS:MTUAY) Short Interest Update

MTU Aero Engines AG (OTCMKTS:MTUAY) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 14,266 shares, a decline of 40.3% from the May 31st total of 23,893 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 62,067 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Several analysts have commented on MTUAY shares. Kepler Capital Markets upgraded shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. BNP Paribas Exane started coverage on MTU Aero Engines in a research note on Monday, April 13th. They issued an “outperform” rating for the company. UBS Group lowered shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. Zacks Research raised MTU Aero Engines from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Berenberg Bank cut shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

MTU Aero Engines Trading Up 0.8%

Shares of MTU Aero Engines stock opened at $208.05 on Wednesday. The firm’s 50 day moving average is $179.55 and its 200 day moving average is $198.89. The firm has a market capitalization of $22.42 billion, a PE ratio of 19.46 and a beta of 1.03. MTU Aero Engines has a 1 year low of $157.93 and a 1 year high of $238.57. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54.

About MTU Aero Engines

MTU Aero Engines AG is a German aircraft engine manufacturer headquartered in Munich that develops, manufactures and services commercial and military aero engines as well as industrial gas turbines. The company’s activities span the entire engine lifecycle, from conceptual design and development through production of modules and components to aftermarket maintenance, repair and overhaul (MRO). MTU supplies parts and technical solutions for a broad range of jet engines and turbomachinery used by airlines, MRO providers and defense customers.

In addition to core engine development and manufacturing, MTU offers comprehensive aftermarket services including scheduled and unscheduled maintenance, spare parts distribution, repair technologies and fleet support programs.