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

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

Analysts Set New Price Targets

TKAMY has been the subject of a number of research reports. The Goldman Sachs Group cut shares of thyssenkrupp from a “hold” rating to a “strong sell” rating in a report on Thursday, January 30th. Kepler Capital Markets raised shares of thyssenkrupp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st.

thyssenkrupp Trading Up 0.8 %

Shares of TKAMY stock opened at $10.65 on Wednesday. thyssenkrupp has a twelve month low of $3.08 and a twelve month high of $11.65. The stock’s fifty day simple moving average is $8.71 and its 200 day simple moving average is $5.65. 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 firm has a market capitalization of $6.63 billion, a P/E ratio of -4.84 and a beta of 1.43.

thyssenkrupp (OTCMKTS:TKAMY) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $8.35 billion for the quarter. thyssenkrupp had a negative return on equity of 11.24% and a negative net margin of 3.63%.

thyssenkrupp Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, February 4th were paid a dividend of $0.1552 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This is an increase from thyssenkrupp’s previous dividend of $0.10. thyssenkrupp’s dividend payout ratio (DPR) is presently -4.09%.

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.