TKMS AG & Co KGaA (OTCMKTS:TKMSF) Sees Large Drop in Short Interest

TKMS AG & Co KGaA (OTCMKTS:TKMSF) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 144,180 shares, a decrease of 50.6% from the July 30th total of 291,819 shares. Based on an average daily trading volume, of 228 shares, the days-to-cover ratio is currently 632.4 days.

TKMS AG & Co KGaA Stock Performance

Shares of TKMSF stock opened at $107.20 on Friday. The company has a 50 day moving average of $98.18 and a 200-day moving average of $97.95. TKMS AG & Co KGaA has a 12-month low of $73.00 and a 12-month high of $120.00.

TKMS AG & Co KGaA, commonly known as Thyssenkrupp Marine Systems (TKMS), is a German naval shipbuilding and systems company that designs, builds and supports military vessels and undersea platforms. The business focuses on the engineering and delivery of complex naval hardware and integrated systems, offering end-to-end capabilities from design and construction through to in-service support and modernization. TKMS’ work centers on defense markets and state navies rather than commercial shipbuilding.

Product and service offerings include conventional and air?independent propulsion (AIP) submarines, surface combatants such as frigates and corvettes, and the associated combat, sensor and propulsion systems required for naval operations.