ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Stock Short Interest Falls 90.7%

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 1,895 shares, a drop of 90.7% from the August 31st total of 20,440 shares. Based on an average daily volume of 41,007 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TKAMY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, September 4th. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Friday, August 21st. DZ Bank raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Finally, Kepler Capital Markets cut ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

ThyssenKrupp Stock Down 1.0%

TKAMY stock traded down $0.17 during midday trading on Thursday, reaching $16.83. 7,444 shares of the company were exchanged, compared to its average volume of 36,040. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 31.17 and a beta of 1.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 1.62. ThyssenKrupp has a 1-year low of $8.16 and a 1-year high of $18.16. The stock’s 50-day simple moving average is $15.64 and its 200 day simple moving average is $12.93.

About ThyssenKrupp

Thyssenkrupp AG is a German industrial group headquartered in Essen, Germany. The company develops and supplies products, technologies and services for industrial customers in areas including steel, materials distribution, automotive components, marine systems and industrial decarbonization.

Its Automotive Technology business produces components and systems such as chassis, steering and powertrain solutions. Materials Services distributes and processes raw materials and industrial products, while Steel Europe manufactures flat carbon steel products for customers in the automotive, construction, engineering and other industries.