Short Interest in MTU Aero Engines AG (OTCMKTS:MTUAY) Increases By 60.1%

MTU Aero Engines AG (OTCMKTS:MTUAY) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 4,127 shares, an increase of 60.1% from the July 30th total of 2,578 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 20,863 shares, the days-to-cover ratio is presently 0.2 days.

MTU Aero Engines Stock Down 1.6%

MTU Aero Engines stock traded down $3.38 during midday trading on Monday, reaching $204.08. The company’s stock had a trading volume of 10,742 shares, compared to its average volume of 26,569. The business has a 50-day simple moving average of $207.00 and a 200-day simple moving average of $195.84. The company has a market cap of $21.99 billion, a P/E ratio of 19.99 and a beta of 1.01. MTU Aero Engines has a fifty-two week low of $157.93 and a fifty-two week high of $238.57. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54.

MTU Aero Engines (OTCMKTS:MTUAY) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.01). The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.60 billion. MTU Aero Engines had a net margin of 10.43% and a return on equity of 23.33%. On average, research analysts expect that MTU Aero Engines will post 11.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

MTUAY has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. Zacks Research upgraded MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. Barclays downgraded MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, Berenberg Bank lowered MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research 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 given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

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.