ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Short Interest Update

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 7,678 shares, a drop of 42.3% from the June 15th total of 13,310 shares. Based on an average trading volume of 52,503 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

TKAMY has been the subject of a number of research analyst reports. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft raised shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research note on Thursday, April 30th. 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 company. Based on data from MarketBeat.com, ThyssenKrupp presently has a consensus rating of “Hold”.

ThyssenKrupp Stock Up 3.1%

Shares of TKAMY stock opened at $13.68 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. ThyssenKrupp has a 12 month low of $8.16 and a 12 month high of $17.02. The stock has a 50 day moving average of $12.75 and a 200-day moving average of $11.80. The firm has a market cap of $8.51 billion, a PE ratio of 16.68 and a beta of 1.40.

ThyssenKrupp Company Profile

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.