MTU Aero Engines AG (OTCMKTS:MTUAY) Shares Shorted: Short Interest Down 81.0% in October

MTU Aero Engines AG (OTCMKTS:MTUAY) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 2,039 shares, a decline of 81.0% from the October 15th total of 10,749 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 41,230 shares, the days-to-cover ratio is presently 0.0 days.

MTU Aero Engines Price Performance

Shares of MTU Aero Engines stock traded down $2.04 during mid-day trading on Friday, reaching $194.03. 6,542 shares of the stock were exchanged, compared to its average volume of 27,833. The firm has a 50-day simple moving average of $197.34 and a 200 day simple moving average of $197.58. MTU Aero Engines has a fifty-two week low of $157.93 and a fifty-two week high of $238.57. The company has a market cap of $20.91 billion, a price-to-earnings ratio of 19.58 and a beta of 1.10. The company has a current ratio of 1.42, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50.

MTU Aero Engines (OTCMKTS:MTUAY) last issued its quarterly earnings results on Thursday, October 29th. The company reported $2.63 EPS for the quarter, hitting the consensus estimate of $2.63. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.78 billion. MTU Aero Engines had a net margin of 9.87% and a return on equity of 22.52%. On average, sell-side analysts predict that MTU Aero Engines will post 10.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, August 13th. Barclays cut shares of MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a research note on Friday, August 7th. Citigroup upgraded shares of MTU Aero Engines from a “sell” rating to a “buy” rating in a research report on Thursday, September 24th. Zacks Research cut MTU Aero Engines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 4th. Finally, Deutsche Bank reiterated a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About MTU Aero Engines

MTU Aero Engines AG is a German aerospace company that develops, manufactures and supports engines and engine components for commercial and military aircraft. Its work includes designing and producing specialized modules and parts, such as high-pressure compressors and low-pressure turbines, often in collaboration with international engine manufacturers. The company also provides maintenance, repair and overhaul services for aircraft engines and components. Through facilities and service operations in multiple regions, MTU supports airlines, engine manufacturers and other customers around the world.