thyssenkrupp AG (OTCMKTS:TKAMY – Get Rating) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totalling 14,000 shares, an increase of 86.7% from the July 31st total of 7,500 shares. Based on an average daily volume of 24,300 shares, the short-interest ratio is currently 0.6 days.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Morgan Stanley cut their price objective on shares of thyssenkrupp from €8.80 ($8.98) to €8.20 ($8.37) and set an "equal weight" rating on the stock in a research note on Thursday, July 14th. DZ Bank downgraded shares of thyssenkrupp from a "buy" rating to a "hold" rating and set a €5.80 ($5.92) target price on the stock. in a research note on Wednesday, July 6th. Credit Suisse Group boosted their price target on shares of thyssenkrupp from €16.50 ($16.84) to €17.60 ($17.96) and gave the company an "outperform" rating in a research note on Friday, May 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of thyssenkrupp from €17.00 ($17.35) to €12.00 ($12.24) in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $10.90.
Get thyssenkrupp alerts:thyssenkrupp Price Performance
thyssenkrupp stock opened at $5.32 on Friday. thyssenkrupp has a 12-month low of $4.91 and a 12-month high of $12.70. The stock has a market capitalization of $3.31 billion, a P/E ratio of 3.41 and a beta of 1.93. The firm's 50-day moving average is $5.84 and its two-hundred day moving average is $7.79. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.98 and a quick ratio of 1.28.
thyssenkrupp Company Profile
(Get Rating)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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