MTU Aero Engines AG (OTCMKTS:MTUAY) Short Interest Up 407.8% in December

MTU Aero Engines AG (OTCMKTS:MTUAY) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 3,123 shares, an increase of 407.8% from the November 30th total of 615 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 33,967 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 33,967 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Several research analysts have issued reports on MTUAY shares. UBS Group cut shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. The Goldman Sachs Group initiated coverage on shares of MTU Aero Engines in a report on Friday, September 19th. They issued a “hold” rating for the company. Zacks Research lowered MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Royal Bank Of Canada upgraded MTU Aero Engines to a “hold” rating in a research note on Tuesday, November 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, MTU Aero Engines has an average rating of “Moderate Buy”.

MTU Aero Engines Trading Up 0.8%

OTCMKTS:MTUAY opened at $210.47 on Thursday. The company has a market cap of $22.66 billion, a PE ratio of 22.80 and a beta of 1.11. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.58. The company has a 50 day simple moving average of $210.05 and a two-hundred day simple moving average of $215.61. MTU Aero Engines has a 12 month low of $145.02 and a 12 month high of $232.86.

MTU Aero Engines (OTCMKTS:MTUAY) last released its quarterly earnings results on Thursday, October 23rd. The company reported $2.61 earnings per share (EPS) for the quarter. The firm had revenue of $2.49 billion for the quarter. MTU Aero Engines had a return on equity of 25.61% and a net margin of 10.79%. Research analysts forecast that MTU Aero Engines will post 8.69 earnings per share for the current year.

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.