ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Shares Shorted: Short Interest Down 86.3% in September

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 260 shares, a decline of 86.3% from the September 15th total of 1,895 shares. Based on an average daily volume of 70,653 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

TKAMY has been the topic of a number of recent analyst reports. DZ Bank upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. Zacks Research raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Friday, September 4th. Finally, Kepler Capital Markets lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

ThyssenKrupp Price Performance

Shares of TKAMY stock opened at $15.33 on Friday. ThyssenKrupp has a fifty-two week low of $8.16 and a fifty-two week high of $18.16. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 28.39 and a beta of 1.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 1.62. The stock’s 50-day simple moving average is $16.17 and its 200-day simple moving average is $13.44.

About ThyssenKrupp

thyssenkrupp AG is a diversified industrial company headquartered in Essen, Germany. Its businesses develop and supply products, technologies and services for industrial, automotive, energy, materials and infrastructure customers worldwide.

The company’s activities include automotive components and systems, materials distribution and processing, steel production, and technologies for the energy transition. thyssenkrupp also operates marine businesses that provide submarines, naval vessels and related systems, as well as engineering and industrial solutions.