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

MTU Aero Engines AG (OTCMKTS:MTUAY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,620 shares, a decrease of 36.5% from the August 15th total of 4,127 shares. Based on an average trading volume of 46,108 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

MTU Aero Engines Stock Performance

Shares of MTU Aero Engines stock opened at $198.24 on Friday. The business’s 50 day moving average price is $204.71 and its 200 day moving average price is $192.83. The company has a market cap of $21.36 billion, a price-to-earnings ratio of 19.42 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.42. MTU Aero Engines has a one year low of $157.93 and a one year high of $238.57.

MTU Aero Engines (OTCMKTS:MTUAY) last issued its earnings results on Thursday, July 30th. The company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.01). The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.60 billion. MTU Aero Engines had a return on equity of 22.42% and a net margin of 10.43%. On average, research analysts predict that MTU Aero Engines will post 11.32 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on MTUAY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, August 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. Finally, Barclays lowered shares of MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, MTU Aero Engines currently has an average rating of “Hold”.

MTU Aero Engines Company Profile

MTU Aero Engines AG is a Germany-based manufacturer and service provider for aircraft engines. The company develops, produces and supports commercial and military engine programs, as well as engine modules and components for aircraft and industrial applications.

Its activities include the design and manufacture of high-pressure compressors, turbine components and other engine systems. MTU also provides maintenance, repair and overhaul services for commercial and military engines, helping airlines, armed forces and other operators maintain and extend the service life of their fleets.

Headquartered in Munich, Germany, MTU Aero Engines serves customers and partners internationally through its own operations and joint ventures with major aerospace companies.