MTU Aero Engines AG (OTCMKTS:MTUAY) Short Interest Update

MTU Aero Engines AG (OTCMKTS:MTUAY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,620 shares, a decrease of 36.5% from the August 15th total of 4,127 shares. Based on an average trading volume of 46,108 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. Barclays downgraded shares of MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

MTU Aero Engines Stock Performance

Shares of MTUAY traded up $4.34 during mid-day trading on Thursday, hitting $198.25. The stock had a trading volume of 5,661 shares, compared to its average volume of 30,299. The company has a quick ratio of 1.06, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $204.90 and its two-hundred day simple moving average is $192.95. MTU Aero Engines has a fifty-two week low of $157.93 and a fifty-two week high of $238.57. The company has a market cap of $21.36 billion, a PE ratio of 19.42 and a beta of 1.02.

MTU Aero Engines (OTCMKTS:MTUAY) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.01). MTU Aero Engines had a return on equity of 22.42% and a net margin of 10.43%.The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.60 billion. On average, equities analysts expect that MTU Aero Engines will post 11.32 earnings per share for the current year.

About MTU Aero Engines

MTU Aero Engines AG is a Germany-based manufacturer and service provider for aircraft engines. The company develops, produces and supports commercial and military engine programs, as well as engine modules and components for aircraft and industrial applications.

Its activities include the design and manufacture of high-pressure compressors, turbine components and other engine systems. MTU also provides maintenance, repair and overhaul services for commercial and military engines, helping airlines, armed forces and other operators maintain and extend the service life of their fleets.

Headquartered in Munich, Germany, MTU Aero Engines serves customers and partners internationally through its own operations and joint ventures with major aerospace companies.