ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Short Interest Update

by · The Cerbat Gem

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 3,500 shares, anincreaseof40.0% from the July 31st total of 2,500 shares. Based on an average daily trading volume, of 87,200 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 87,200 shares, the days-to-cover ratio is currently 0.0 days.

ThyssenKrupp Stock Performance

Shares of ThyssenKrupp stock opened at $11.92 on Tuesday. The company has a market cap of $7.42 billion, a PE ratio of -8.39 and a beta of 1.33. ThyssenKrupp has a 52 week low of $3.08 and a 52 week high of $13.29. The business has a 50 day moving average price of $11.44 and a 200-day moving average price of $10.56. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 0.06.

ThyssenKrupp (OTCMKTS:TKAMY – Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. The firm had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $8.62 billion. ThyssenKrupp had a negative return on equity of 7.90% and a negative net margin of 2.40%.

Analysts Set New Price Targets

Separately, DZ Bank downgraded ThyssenKrupp from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Read Our Latest Report on TKAMY

ThyssenKrupp Company Profile

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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.

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