ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Short Interest Down 50.5% in May

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 1,872 shares, a decline of 50.5% from the April 30th total of 3,782 shares. Based on an average daily trading volume, of 35,968 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

TKAMY has been the subject of a number of analyst reports. Zacks Research downgraded ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft raised ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Jefferies Financial Group raised shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Barclays reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Finally, Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

ThyssenKrupp Stock Down 1.9%

Shares of OTCMKTS TKAMY traded down $0.26 during mid-day trading on Monday, reaching $13.37. The company had a trading volume of 12,456 shares, compared to its average volume of 17,962. The company has a current ratio of 1.72, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The firm has a 50 day simple moving average of $10.93 and a two-hundred day simple moving average of $11.43. The stock has a market cap of $8.32 billion, a P/E ratio of 16.30 and a beta of 1.37. ThyssenKrupp has a 52-week low of $8.16 and a 52-week high of $17.02.

About ThyssenKrupp

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.