MTU Aero Engines AG (OTCMKTS:MTUAY) Short Interest Down 40.3% in June

MTU Aero Engines AG (OTCMKTS:MTUAY) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 14,266 shares, a decrease of 40.3% from the May 31st total of 23,893 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 62,067 shares, the days-to-cover ratio is currently 0.2 days.

MTU Aero Engines Stock Performance

MTUAY traded up $3.67 on Thursday, hitting $213.63. The company’s stock had a trading volume of 8,757 shares, compared to its average volume of 27,662. MTU Aero Engines has a 12 month low of $157.93 and a 12 month high of $238.57. The firm has a market cap of $23.02 billion, a P/E ratio of 19.98 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. The company’s 50 day simple moving average is $179.83 and its 200-day simple moving average is $198.92.

Analyst Upgrades and Downgrades

MTUAY has been the subject of several research analyst reports. Berenberg Bank lowered shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. UBS Group cut MTU Aero Engines from a “hold” rating to a “sell” rating in a research report on Friday, April 24th. 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. Kepler Capital Markets raised MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Finally, Zacks Research upgraded MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

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.