Short Interest in MTU Aero Engines AG (OTCMKTS:MTUAY) Drops By 68.4%

MTU Aero Engines AG (OTCMKTS:MTUAY) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 600 shares, a decline of 68.4% from the January 15th total of 1,900 shares. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th.

MTU Aero Engines Trading Up 1.2 %

Shares of MTUAY stock traded up $1.99 during trading hours on Wednesday, reaching $173.30. 7,319 shares of the stock were exchanged, compared to its average volume of 8,366. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 24.48 and a beta of 1.44. MTU Aero Engines has a 12-month low of $112.22 and a 12-month high of $182.65. The company’s 50-day moving average price is $169.31 and its 200-day moving average price is $160.90. The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.57.

About MTU Aero Engines

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO Business).