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

MTU Aero Engines AG (OTCMKTS:MTUAY) was the target of 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 daily volume of 60,655 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MTUAY. BNP Paribas Exane began coverage on MTU Aero Engines in a research report on Monday, April 13th. They issued an “outperform” rating for the company. Zacks Research upgraded MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Citigroup reiterated a “sell” rating on shares of MTU Aero Engines in a research report on Wednesday, February 25th. UBS Group lowered MTU Aero Engines from a “hold” rating to a “sell” rating in a research report on Friday, April 24th. Finally, Kepler Capital Markets upgraded MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

MTU Aero Engines Stock Up 0.0%

Shares of OTCMKTS MTUAY traded up $0.02 during trading hours on Friday, hitting $181.16. The company had a trading volume of 17,481 shares, compared to its average volume of 29,879. The stock has a market capitalization of $19.52 billion, a P/E ratio of 16.95 and a beta of 1.03. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. MTU Aero Engines has a 1-year low of $157.93 and a 1-year high of $238.57. The firm’s 50 day moving average is $178.12 and its 200-day moving average is $199.45.

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.