ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Sees Large Increase in Short Interest

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 4,642 shares, an increase of 148.0% from the May 14th total of 1,872 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 40,045 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TKAMY shares. Barclays reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Zacks Research lowered shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

ThyssenKrupp Stock Performance

OTCMKTS TKAMY opened at $13.15 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.66 and a quick ratio of 1.01. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 16.04 and a beta of 1.37. The company’s fifty day moving average is $11.67 and its two-hundred day moving average is $11.46. ThyssenKrupp has a 52-week low of $8.16 and a 52-week high of $17.02.

ThyssenKrupp Company Profile

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.