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

MTU Aero Engines AG (OTCMKTS:MTUAY) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 14,266 shares, a drop of 40.3% from the May 31st total of 23,893 shares. Based on an average trading volume of 62,067 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MTUAY. UBS Group downgraded MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. BNP Paribas Exane started coverage on MTU Aero Engines in a research note on Monday, April 13th. They set an “outperform” rating for the company. Zacks Research upgraded MTU Aero Engines from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Berenberg Bank cut MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Kepler Capital Markets raised MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, MTU Aero Engines presently has an average rating of “Hold”.

MTU Aero Engines Stock Up 1.9%

MTUAY stock opened at $213.97 on Friday. The firm has a market cap of $23.05 billion, a PE ratio of 20.02 and a beta of 1.01. MTU Aero Engines has a 1 year low of $157.93 and a 1 year high of $238.57. The company has a fifty day simple moving average of $180.43 and a 200 day simple moving average of $198.97. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54.

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.