ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Shares Shorted: Short Interest Down 90.7% in September

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,895 shares, a drop of 90.7% from the August 31st total of 20,440 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 41,007 shares, the days-to-cover ratio is presently 0.0 days.

ThyssenKrupp Stock Performance

TKAMY opened at $17.60 on Friday. The firm has a market cap of $10.96 billion, a P/E ratio of 32.59 and a beta of 1.40. ThyssenKrupp has a 1-year low of $8.16 and a 1-year high of $18.16. The company has a 50 day simple moving average of $15.78 and a two-hundred day simple moving average of $13.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.62 and a quick ratio of 0.99.

Wall Street Analyst Weigh In

TKAMY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, September 4th. DZ Bank upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Kepler Capital Markets lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Finally, Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

About ThyssenKrupp

Thyssenkrupp AG is a German industrial group headquartered in Essen, Germany. The company develops and supplies products, technologies and services for industrial customers in areas including steel, materials distribution, automotive components, marine systems and industrial decarbonization.

Its Automotive Technology business produces components and systems such as chassis, steering and powertrain solutions. Materials Services distributes and processes raw materials and industrial products, while Steel Europe manufactures flat carbon steel products for customers in the automotive, construction, engineering and other industries.