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

MTU Aero Engines AG (OTCMKTS:MTUAY) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 3,931 shares, a drop of 67.2% from the April 15th total of 11,990 shares. Based on an average daily trading volume, of 63,078 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. BNP Paribas Exane assumed coverage on MTU Aero Engines in a research note on Monday, April 13th. They set an “outperform” rating for the company. UBS Group cut MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. Citigroup reaffirmed a “sell” rating on shares of MTU Aero Engines in a research note on Wednesday, February 25th. Berenberg Bank cut MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Zacks Research raised MTU Aero Engines from a “strong sell” rating to a “hold” rating in a report on Thursday. One investment 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 given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

MTU Aero Engines Trading Down 4.9%

Shares of OTCMKTS MTUAY traded down $8.23 during mid-day trading on Friday, hitting $158.39. 16,273 shares of the company traded hands, compared to its average volume of 25,806. MTU Aero Engines has a 1 year low of $157.93 and a 1 year high of $238.57. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 14.82 and a beta of 1.02. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $184.10 and a two-hundred day moving average of $204.79.

MTU Aero Engines (OTCMKTS:MTUAY) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $2.67 earnings per share (EPS) for the quarter. The firm had revenue of $2.83 billion during the quarter. MTU Aero Engines had a return on equity of 24.07% and a net margin of 11.28%. On average, sell-side analysts anticipate that MTU Aero Engines will post 11.47 earnings per share for the current fiscal year.

About MTU Aero Engines

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.