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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 1,437 shares, a decrease 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.

Analysts Set New Price Targets

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

ThyssenKrupp Stock Performance

OTCMKTS:TKAMY traded up $0.13 during midday trading on Thursday, hitting $15.37. The company’s stock had a trading volume of 872 shares, compared to its average volume of 32,481. ThyssenKrupp has a fifty-two week low of $8.16 and a fifty-two week high of $18.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.62 and a quick ratio of 0.98. The firm has a market cap of $9.57 billion, a P/E ratio of 28.46 and a beta of 1.49. The firm’s 50 day moving average is $16.11 and its 200-day moving average is $13.39.

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.