ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Stock Short Interest Report for October

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 9,999 shares, an increase of 3,745.8% from the September 30th total of 260 shares. Based on an average daily volume of 19,991 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Kepler Capital Markets cut shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ThyssenKrupp in a research note on Friday, September 4th. Zacks Research upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Finally, DZ Bank raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, ThyssenKrupp has an average rating of “Moderate Buy”.

ThyssenKrupp Price Performance

TKAMY traded up $0.12 during trading on Monday, reaching $15.44. The stock had a trading volume of 7,087 shares, compared to its average volume of 33,239. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 28.59 and a beta of 1.41. The company has a quick ratio of 0.98, a current ratio of 1.62 and a debt-to-equity ratio of 0.05. ThyssenKrupp has a 1-year low of $8.16 and a 1-year high of $18.16. The stock has a 50 day moving average of $16.36 and a two-hundred day moving average of $13.93.

ThyssenKrupp Company Profile

Thyssenkrupp AG is a Germany-based industrial group with businesses spanning steel, materials services, automotive technology, marine systems and industrial decarbonization. The company develops and supplies products and services for manufacturers, infrastructure providers, energy companies and other industrial customers.

Its activities include producing flat steel products and other specialty materials, distributing and processing metals, and supplying components and systems for vehicles.