MTU Aero Engines AG (OTCMKTS:MTUAY) Sees Significant Decline in Short Interest

MTU Aero Engines AG (OTCMKTS:MTUAY) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 8,514 shares, a decline of 40.3% from the June 15th total of 14,266 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 79,033 shares, the days-to-cover ratio is presently 0.1 days.

MTU Aero Engines Stock Performance

Shares of MTU Aero Engines stock opened at $195.13 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average price is $187.20 and its 200-day moving average price is $198.77. The firm has a market cap of $21.02 billion, a P/E ratio of 18.25 and a beta of 1.01. MTU Aero Engines has a 12 month low of $157.93 and a 12 month high of $238.57.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MTUAY shares. UBS Group cut shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research report on Friday, April 24th. Zacks Research raised shares of MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Kepler Capital Markets upgraded shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. BNP Paribas Exane began coverage on shares of MTU Aero Engines in a research report on Monday, April 13th. They issued an “outperform” rating for the company. Finally, Berenberg Bank cut shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, MTU Aero Engines currently has an average rating of “Hold”.

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.