TKMS AG & Co KGaA (OTCMKTS:TKMSF) Shares Shorted: Short Interest Up 67.3% in September

TKMS AG & Co KGaA (OTCMKTS:TKMSF) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 796,634 shares, an increase of 67.3% from the August 31st total of 476,097 shares. Based on an average daily trading volume, of 1,159 shares, the short-interest ratio is currently 687.3 days.

TKMS AG & Co KGaA Stock Performance

Shares of OTCMKTS:TKMSF remained flat at $95.00 during mid-day trading on Wednesday. The company had a trading volume of 400 shares, compared to its average volume of 434. The stock’s 50 day simple moving average is $99.52 and its 200 day simple moving average is $95.41. TKMS AG & Co KGaA has a 52 week low of $73.00 and a 52 week high of $120.00.

TKMS AG & Co KGaA is a Germany-based defense company specializing in naval systems and military shipbuilding. The company develops, builds and services conventional submarines, surface vessels and naval support systems for government and defense customers.

Its product portfolio includes non-nuclear submarines, frigates, corvettes and other naval ships, as well as maritime electronics, command-and-control systems, sensors and weapons integration. TKMS also provides modernization, maintenance, training and lifecycle support services intended to help customers operate and sustain their fleets.

The company has roots in Germany’s long-established naval shipbuilding industry, including businesses associated with Howaldtswerke-Deutsche Werft and Blohm+Voss.