Short Interest in MTU Aero Engines AG (OTCMKTS:MTUAY) Drops By 68.4%

MTU Aero Engines AG (OTCMKTS:MTUAY) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 600 shares, a drop of 68.4% from the January 15th total of 1,900 shares. Based on an average trading volume of 16,900 shares, the days-to-cover ratio is currently 0.0 days.

MTU Aero Engines Price Performance

MTUAY traded up $1.99 during trading on Wednesday, reaching $173.30. 7,319 shares of the company traded hands, compared to its average volume of 8,366. MTU Aero Engines has a 12-month low of $112.22 and a 12-month high of $182.65. The firm has a fifty day simple moving average of $169.31 and a 200 day simple moving average of $160.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.86 and a current ratio of 1.18. The company has a market cap of $18.66 billion, a P/E ratio of 24.48 and a beta of 1.44.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th.

MTU Aero Engines Company Profile

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO Business).