ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Short Interest Update

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 1,895 shares, a decline of 90.7% from the August 31st total of 20,440 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 41,007 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TKAMY shares. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Friday, September 4th. DZ Bank upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Finally, Kepler Capital Markets cut shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

ThyssenKrupp Stock Down 1.0%

OTCMKTS TKAMY traded down $0.17 during trading hours on Thursday, hitting $16.83. 7,444 shares of the company were exchanged, compared to its average volume of 36,040. The company has a quick ratio of 0.99, a current ratio of 1.62 and a debt-to-equity ratio of 0.05. The firm has a market cap of $10.48 billion, a price-to-earnings ratio of 31.17 and a beta of 1.40. The company has a 50 day moving average of $15.64 and a two-hundred day moving average of $12.93. ThyssenKrupp has a 52-week low of $8.16 and a 52-week high of $18.16.

About ThyssenKrupp

Thyssenkrupp AG is a German industrial group headquartered in Essen, Germany. The company develops and supplies products, technologies and services for industrial customers in areas including steel, materials distribution, automotive components, marine systems and industrial decarbonization.

Its Automotive Technology business produces components and systems such as chassis, steering and powertrain solutions. Materials Services distributes and processes raw materials and industrial products, while Steel Europe manufactures flat carbon steel products for customers in the automotive, construction, engineering and other industries.