Short Interest in thyssenkrupp AG (OTCMKTS:TKAMY) Rises By 906.1%

thyssenkrupp AG (OTCMKTS:TKAMY) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 49,300 shares, a growth of 906.1% from the October 15th total of 4,900 shares. Based on an average daily trading volume, of 18,500 shares, the days-to-cover ratio is currently 2.7 days.

thyssenkrupp Stock Performance

TKAMY stock traded down $0.08 during trading on Tuesday, hitting $3.59. The company had a trading volume of 7,126 shares, compared to its average volume of 10,283. The firm has a market cap of $2.23 billion, a PE ratio of -40.77 and a beta of 1.93. The company has a quick ratio of 1.16, a current ratio of 1.85 and a debt-to-equity ratio of 0.06. thyssenkrupp has a 1-year low of $3.08 and a 1-year high of $7.73. The firm has a 50-day moving average price of $3.55 and a 200-day moving average price of $4.14.

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

Analysts Set New Price Targets

Separately, Citigroup upgraded thyssenkrupp to a “strong-buy” rating in a report 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.