MTU Aero Engines AG (OTCMKTS:MTUAY) Sees Large Increase in Short Interest

MTU Aero Engines AG (OTCMKTS:MTUAY) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 23,893 shares, a growth of 287.8% from the May 14th total of 6,161 shares. Based on an average trading volume of 60,655 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

MTU Aero Engines Price Performance

MTUAY stock traded up $9.15 during midday trading on Thursday, hitting $181.14. 29,632 shares of the stock were exchanged, compared to its average volume of 30,646. The stock’s 50-day moving average price is $178.24 and its 200-day moving average price is $199.58. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of 16.94 and a beta of 1.03. MTU Aero Engines has a fifty-two week low of $157.93 and a fifty-two week high of $238.57. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.44.

Analyst Ratings Changes

MTUAY has been the subject of several recent analyst reports. BNP Paribas Exane initiated coverage on MTU Aero Engines in a report on Monday, April 13th. They issued an “outperform” rating for the company. Citigroup reissued a “sell” rating on shares of MTU Aero Engines in a report on Wednesday, February 25th. Zacks Research raised MTU Aero Engines from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Kepler Capital Markets raised MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Finally, UBS Group cut shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, MTU Aero Engines has a consensus rating of “Hold”.

MTU Aero Engines Company Profile

MTU Aero Engines AG is a German aircraft engine manufacturer headquartered in Munich that develops, manufactures and services commercial and military aero engines as well as industrial gas turbines. The company’s activities span the entire engine lifecycle, from conceptual design and development through production of modules and components to aftermarket maintenance, repair and overhaul (MRO). MTU supplies parts and technical solutions for a broad range of jet engines and turbomachinery used by airlines, MRO providers and defense customers.

In addition to core engine development and manufacturing, MTU offers comprehensive aftermarket services including scheduled and unscheduled maintenance, spare parts distribution, repair technologies and fleet support programs.