Short Interest in ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Rises By 815.7%

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,782 shares, an increase of 815.7% from the April 15th total of 413 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 40,503 shares, the days-to-cover ratio is currently 0.1 days.

ThyssenKrupp Stock Up 4.9%

Shares of ThyssenKrupp stock opened at $12.26 on Thursday. The stock has a 50-day simple moving average of $10.24 and a 200-day simple moving average of $11.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.72 and a quick ratio of 1.01. ThyssenKrupp has a 52-week low of $8.16 and a 52-week high of $17.02. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 14.95 and a beta of 1.35.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.27). ThyssenKrupp had a return on equity of 7.59% and a net margin of 1.37%.The firm had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $9.42 billion. On average, equities research analysts expect that ThyssenKrupp will post 0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on TKAMY. Zacks Research cut shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Barclays restated an “underweight” rating on shares of ThyssenKrupp in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft upgraded ThyssenKrupp from a “buy” rating to a “buy” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group upgraded ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, ThyssenKrupp has a consensus rating of “Hold”.

ThyssenKrupp Company Profile

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.