MTU Aero Engines AG (OTCMKTS:MTUAY) Short Interest Update

MTU Aero Engines AG (OTCMKTS:MTUAY) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 8,514 shares, a drop of 40.3% from the June 15th total of 14,266 shares. Based on an average daily volume of 79,033 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

MTU Aero Engines Trading Down 0.8%

OTCMKTS:MTUAY traded down $1.67 during mid-day trading on Friday, hitting $195.35. 8,274 shares of the stock traded hands, compared to its average volume of 26,907. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average is $186.91 and its two-hundred day moving average is $198.79. MTU Aero Engines has a 52 week low of $157.93 and a 52 week high of $238.57. The stock has a market capitalization of $21.05 billion, a price-to-earnings ratio of 18.27 and a beta of 1.01.

Analyst Upgrades and Downgrades

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

About MTU Aero Engines

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.