Short Interest in TKMS AG & Co KGaA (OTCMKTS:TKMSF) Increases By 230.2%

TKMS AG & Co KGaA (OTCMKTS:TKMSF) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 476,097 shares, an increase of 230.2% from the August 15th total of 144,180 shares. Based on an average daily volume of 132 shares, the short-interest ratio is currently 3,606.8 days.

TKMS AG & Co KGaA Stock Performance

Shares of OTCMKTS:TKMSF opened at $95.95 on Friday. The business’s fifty day moving average price is $99.31 and its two-hundred day moving average price is $97.10. TKMS AG & Co KGaA has a one year low of $73.00 and a one year high of $120.00.

TKMS AG & Co KGaA, commonly known as Thyssenkrupp Marine Systems (TKMS), is a German naval shipbuilding and systems company that designs, builds and supports military vessels and undersea platforms. The business focuses on the engineering and delivery of complex naval hardware and integrated systems, offering end-to-end capabilities from design and construction through to in-service support and modernization. TKMS’ work centers on defense markets and state navies rather than commercial shipbuilding.

Product and service offerings include conventional and air?independent propulsion (AIP) submarines, surface combatants such as frigates and corvettes, and the associated combat, sensor and propulsion systems required for naval operations.