Short Interest in MTU Aero Engines AG (OTCMKTS:MTUAY) Declines By 33.5%

MTU Aero Engines AG (OTCMKTS:MTUAY) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 5,660 shares, a decrease of 33.5% from the June 30th total of 8,514 shares. Based on an average daily volume of 35,044 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

MTU Aero Engines Stock Up 0.9%

MTUAY stock opened at $209.75 on Friday. MTU Aero Engines has a fifty-two week low of $157.93 and a fifty-two week high of $238.57. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 1.06. The stock has a market capitalization of $22.60 billion, a price-to-earnings ratio of 20.54 and a beta of 1.01. The business’s fifty day moving average price is $193.66 and its two-hundred day moving average price is $197.46.

MTU Aero Engines (OTCMKTS:MTUAY) last announced 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). MTU Aero Engines had a return on equity of 23.33% and a net margin of 10.43%.The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.60 billion. On average, equities analysts anticipate that MTU Aero Engines will post 11.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

MTU Aero Engines Company Profile

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.