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

TKMS AG & Co KGaA (OTCMKTS:TKMSF) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 476,097 shares, a growth of 230.2% from the August 15th total of 144,180 shares. Based on an average daily trading volume, of 132 shares, the short-interest ratio is presently 3,606.8 days.

TKMS AG & Co KGaA Stock Performance

TKMS AG & Co KGaA stock remained flat at $95.95 during midday trading on Friday. The business has a 50 day simple moving average of $99.31 and a 200-day simple moving average of $97.10. 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.