thyssenkrupp AG (OTCMKTS:TKAMY – Get Rating) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 3,000 shares, a decline of 48.3% from the August 31st total of 5,800 shares. Based on an average trading volume of 68,700 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Several brokerages have issued reports on TKAMY. Morgan Stanley dropped their target price on shares of thyssenkrupp from €8.80 ($8.98) to €8.20 ($8.37) and set an "equal weight" rating for the company in a research report on Thursday, July 14th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of thyssenkrupp from €17.00 ($17.35) to €12.00 ($12.24) in a research report on Friday, July 15th. DZ Bank lowered shares of thyssenkrupp from a "buy" rating to a "hold" rating and set a €5.80 ($5.92) price objective for the company. in a report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. started coverage on shares of thyssenkrupp in a report on Wednesday. They issued an "underweight" rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $10.90.

thyssenkrupp Stock Down 7.4 %

Shares of OTCMKTS:TKAMY traded down $0.33 during midday trading on Friday, reaching $4.16. The company's stock had a trading volume of 66,030 shares, compared to its average volume of 27,826. The firm has a 50 day moving average of $5.70 and a 200-day moving average of $7.05. The firm has a market capitalization of $2.59 billion, a P/E ratio of 2.67 and a beta of 1.93. The company has a quick ratio of 1.28, a current ratio of 2.03 and a debt-to-equity ratio of 0.20. thyssenkrupp has a 12-month low of $4.08 and a 12-month high of $12.70.

About thyssenkrupp

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thyssenkrupp AG operates in the areas of automotive technology, industrial components, marine systems, steel, and materials services in Germany, the United States, China, and internationally. The company's Automotive Technology segment develops and manufactures components and systems, as well as automation solutions for the automotive industry.

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