MTU Aero Engines AG (OTCMKTS:MTUAY) Sees Large Increase in Short Interest

MTU Aero Engines AG (OTCMKTS:MTUAY) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,300 shares, a growth of 2,200.0% from the October 15th total of 100 shares. Based on an average trading volume of 8,400 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Monday.

MTU Aero Engines Stock Down 1.7 %

MTUAY traded down $2.87 during trading hours on Wednesday, hitting $166.55. 4,474 shares of the company’s stock were exchanged, compared to its average volume of 8,140. The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.57. MTU Aero Engines has a 12-month low of $97.79 and a 12-month high of $171.86. The firm has a 50 day moving average of $159.78 and a 200 day moving average of $142.12. The firm has a market cap of $17.93 billion, a P/E ratio of 23.90 and a beta of 1.45.

MTU Aero Engines (OTCMKTS:MTUAY) last issued its earnings results on Thursday, October 24th. The company reported $2.02 earnings per share (EPS) for the quarter. MTU Aero Engines had a net margin of 10.16% and a return on equity of 23.13%. The company had revenue of $2.08 billion during the quarter. Analysts predict that MTU Aero Engines will post 7.34 EPS for the current fiscal year.

MTU Aero Engines Company Profile

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO Business).