ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Sees Large Decrease in Short Interest

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 1,437 shares, a decrease of 85.6% from the October 15th total of 9,999 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 11,091 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Several analysts have weighed in on TKAMY shares. Kepler Capital Markets downgraded ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Zacks Research raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. DZ Bank raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

ThyssenKrupp Price Performance

Shares of TKAMY stock remained flat at $15.24 during trading hours on Wednesday. The stock had a trading volume of 4,462 shares, compared to its average volume of 13,876. The business’s fifty day simple moving average is $16.13 and its two-hundred day simple moving average is $13.38. ThyssenKrupp has a one year low of $8.16 and a one year high of $18.16. The company has a quick ratio of 0.98, a current ratio of 1.62 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $9.49 billion, a PE ratio of 28.22 and a beta of 1.49.

ThyssenKrupp Company Profile

thyssenkrupp AG is a Germany-based industrial group formed in 1999 through the merger of Thyssen AG and Friedrich Krupp AG. The company has roots in the 19th-century steel and engineering industries and is headquartered in Essen, Germany. Its businesses span steel production and processing, materials distribution, automotive components and systems, industrial technologies, and marine systems. The group also develops technologies for areas such as industrial decarbonization and hydrogen production. thyssenkrupp serves customers across a range of industries and operates in markets around the world, with activities and customers in Europe and other international regions.