thyssenkrupp AG (OTCMKTS:TKAMY) Short Interest Down 91.5% in November

thyssenkrupp AG (OTCMKTS:TKAMY) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 4,200 shares, a drop of 91.5% from the October 31st total of 49,300 shares. Based on an average daily volume of 17,500 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of thyssenkrupp to a “strong-buy” rating in a research note on Monday, September 16th.

thyssenkrupp Stock Up 3.9 %

Shares of OTCMKTS TKAMY traded up $0.16 during midday trading on Friday, reaching $4.09. 45,011 shares of the company’s stock traded hands, compared to its average volume of 19,873. The stock’s 50 day simple moving average is $3.68 and its 200-day simple moving average is $4.03. thyssenkrupp has a one year low of $3.08 and a one year high of $7.72. The company has a quick ratio of 1.16, a current ratio of 1.85 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.54 billion, a price-to-earnings ratio of -1.54 and a beta of 1.93.

About thyssenkrupp

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.