Short Interest in thyssenkrupp AG (OTCMKTS:TKAMY) Rises By 906.1%

thyssenkrupp AG (OTCMKTS:TKAMY) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 49,300 shares, a growth of 906.1% from the October 15th total of 4,900 shares. Based on an average daily trading volume, of 18,500 shares, the short-interest ratio is presently 2.7 days.

Analyst Ratings Changes

Separately, Citigroup upgraded thyssenkrupp to a “strong-buy” rating in a research report on Monday, September 16th.

thyssenkrupp Trading Up 0.8 %

OTCMKTS:TKAMY traded up $0.03 during mid-day trading on Thursday, hitting $3.53. 11,251 shares of the stock traded hands, compared to its average volume of 10,214. The company has a quick ratio of 1.16, a current ratio of 1.85 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -39.20 and a beta of 1.93. thyssenkrupp has a 52 week low of $3.08 and a 52 week high of $7.73. The firm’s 50 day moving average is $3.55 and its two-hundred day moving average is $4.12.

thyssenkrupp (OTCMKTS:TKAMY) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.10) earnings per share for the quarter. thyssenkrupp had a negative return on equity of 0.45% and a negative net margin of 0.14%. The business had revenue of $9.67 billion during the quarter.

About thyssenkrupp

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.