thyssenkrupp AG (OTCMKTS:TKAMY) Sees Significant Decline in Short Interest

thyssenkrupp AG (OTCMKTS:TKAMY - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 11,500 shares, a drop of 56.4% from the March 15th total of 26,400 shares. Based on an average daily volume of 317,200 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

thyssenkrupp Stock Performance

OTCMKTS TKAMY traded up $0.16 on Friday, hitting $10.67. The stock had a trading volume of 47,695 shares, compared to its average volume of 143,013. The company's 50-day moving average is $9.06 and its two-hundred day moving average is $5.79. The company has a quick ratio of 1.15, a current ratio of 1.76 and a debt-to-equity ratio of 0.06. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of -4.85 and a beta of 1.43. thyssenkrupp has a one year low of $3.08 and a one year high of $11.65.

thyssenkrupp (OTCMKTS:TKAMY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter. The business had revenue of $8.35 billion for the quarter. thyssenkrupp had a negative net margin of 3.63% and a negative return on equity of 11.24%.

thyssenkrupp Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, February 4th were paid a dividend of $0.1552 per share. The ex-dividend date was Tuesday, February 4th. This is a positive change from thyssenkrupp's previous dividend of $0.10. thyssenkrupp's dividend payout ratio is currently -4.09%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TKAMY shares. The Goldman Sachs Group downgraded shares of thyssenkrupp from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 30th. Kepler Capital Markets upgraded thyssenkrupp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st.

thyssenkrupp Company Profile

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.