thyssenkrupp AG (OTCMKTS:TKAMY) Sees Significant Growth in Short Interest

thyssenkrupp AG (OTCMKTS:TKAMY) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 26,400 shares, an increase of 103.1% from the February 28th total of 13,000 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 808,500 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered thyssenkrupp from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 30th.

thyssenkrupp Stock Down 4.3 %

Shares of thyssenkrupp stock traded down $0.45 during trading hours on Friday, hitting $10.08. The company had a trading volume of 67,719 shares, compared to its average volume of 148,368. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.76 and a quick ratio of 1.15. The company’s 50-day moving average is $7.15 and its two-hundred day moving average is $4.98. The company has a market cap of $6.27 billion, a P/E ratio of -4.58 and a beta of 1.85. thyssenkrupp has a twelve month low of $3.08 and a twelve month high of $11.65.

thyssenkrupp (OTCMKTS:TKAMY) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter. thyssenkrupp had a negative net margin of 3.63% and a negative return on equity of 11.24%. The company had revenue of $8.35 billion during the quarter.

thyssenkrupp Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.1552 per share. This is a positive change from thyssenkrupp’s previous dividend of $0.10. The ex-dividend date of this dividend was Tuesday, February 4th. thyssenkrupp’s payout ratio is -4.09%.

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.