ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Short Interest Up 148.0% in May

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 4,642 shares, an increase of 148.0% from the May 14th total of 1,872 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 40,045 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TKAMY shares. Zacks Research downgraded shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Finally, Barclays restated an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, ThyssenKrupp currently has an average rating of “Hold”.

ThyssenKrupp Stock Performance

Shares of TKAMY opened at $13.15 on Friday. The stock has a 50 day moving average price of $11.67 and a 200 day moving average price of $11.46. The company has a quick ratio of 1.01, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 16.04 and a beta of 1.37. ThyssenKrupp has a 52-week low of $8.16 and a 52-week high of $17.02.

About ThyssenKrupp

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.