ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Stock Short Interest Drops 85.6%

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 1,437 shares, a drop of 85.6% from the October 15th total of 9,999 shares. Based on an average daily trading volume, of 11,091 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

ThyssenKrupp Stock Performance

TKAMY traded down $0.10 during trading hours on Friday, hitting $14.64. 21,681 shares of the stock were exchanged, compared to its average volume of 32,292. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 27.11 and a beta of 1.49. ThyssenKrupp has a 12 month low of $8.16 and a 12 month high of $18.16. The stock has a 50-day simple moving average of $16.08 and a 200-day simple moving average of $13.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.62 and a quick ratio of 0.98.

Analysts Set New Price Targets

TKAMY has been the topic of several recent analyst reports. Kepler Capital Markets cut shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Deutsche Bank reissued a “buy” rating on shares of ThyssenKrupp in a report on Friday, September 4th. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, August 21st. DZ Bank upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 21st. Finally, Zacks Research raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

ThyssenKrupp Company Profile

thyssenkrupp AG is a Germany-based industrial group formed in 1999 through the merger of Thyssen AG and Friedrich Krupp AG. The company has roots in the 19th-century steel and engineering industries and is headquartered in Essen, Germany. Its businesses span steel production and processing, materials distribution, automotive components and systems, industrial technologies, and marine systems. The group also develops technologies for areas such as industrial decarbonization and hydrogen production. thyssenkrupp serves customers across a range of industries and operates in markets around the world, with activities and customers in Europe and other international regions.