thyssenkrupp AG (OTCMKTS:TKAMY) Short Interest Up 206.3% in October

thyssenkrupp AG (OTCMKTS:TKAMY) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 4,900 shares, a growth of 206.3% from the September 30th total of 1,600 shares. Based on an average trading volume of 17,400 shares, the short-interest ratio is currently 0.3 days.

thyssenkrupp Stock Performance

Shares of TKAMY stock remained flat at $3.59 during trading hours on Friday. 787 shares of the stock traded hands, compared to its average volume of 10,340. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.16 and a current ratio of 1.85. thyssenkrupp has a one year low of $3.08 and a one year high of $7.73. The company’s fifty day simple moving average is $3.56 and its 200 day simple moving average is $4.25. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 25.64 and a beta of 1.92.

thyssenkrupp (OTCMKTS:TKAMY) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.10) earnings per share for the quarter. thyssenkrupp had a negative net margin of 0.14% and a negative return on equity of 0.45%. The company had revenue of $9.67 billion during the quarter.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of thyssenkrupp to a “strong-buy” rating in a research note on Monday, September 16th.

About thyssenkrupp

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.