MTU Aero Engines AG (OTCMKTS:MTUAY) Short Interest Update

MTU Aero Engines AG (OTCMKTS:MTUAY) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 8,514 shares, a decline of 40.3% from the June 15th total of 14,266 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 79,033 shares, the short-interest ratio is currently 0.1 days.

MTU Aero Engines Stock Down 1.3%

Shares of OTCMKTS MTUAY traded down $2.57 during midday trading on Thursday, reaching $197.43. 6,265 shares of the company’s stock were exchanged, compared to its average volume of 27,007. MTU Aero Engines has a 52-week low of $157.93 and a 52-week high of $238.57. The stock has a market capitalization of $21.27 billion, a PE ratio of 18.47 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.44. The business’s fifty day moving average price is $186.68 and its two-hundred day moving average price is $198.88.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MTUAY shares. UBS Group lowered shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a report on Friday, April 24th. Berenberg Bank downgraded MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Kepler Capital Markets raised MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. BNP Paribas Exane initiated coverage on MTU Aero Engines in a report on Monday, April 13th. They issued an “outperform” rating on the stock. Finally, Zacks Research upgraded shares of MTU Aero Engines from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

About MTU Aero Engines

MTU Aero Engines AG is a German aircraft engine manufacturer headquartered in Munich that develops, manufactures and services commercial and military aero engines as well as industrial gas turbines. The company’s activities span the entire engine lifecycle, from conceptual design and development through production of modules and components to aftermarket maintenance, repair and overhaul (MRO). MTU supplies parts and technical solutions for a broad range of jet engines and turbomachinery used by airlines, MRO providers and defense customers.

In addition to core engine development and manufacturing, MTU offers comprehensive aftermarket services including scheduled and unscheduled maintenance, spare parts distribution, repair technologies and fleet support programs.