Short Interest in MTU Aero Engines AG (OTCMKTS:MTUAY) Increases By 407.8%

MTU Aero Engines AG (OTCMKTS:MTUAY) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 3,123 shares, a growth of 407.8% from the November 30th total of 615 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 33,967 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 33,967 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada upgraded shares of MTU Aero Engines to a “hold” rating in a report on Tuesday, November 18th. UBS Group downgraded shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Zacks Research lowered shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Jefferies Financial Group reaffirmed a “buy” rating on shares of MTU Aero Engines in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group began coverage on MTU Aero Engines in a research note on Friday, September 19th. They issued a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, MTU Aero Engines currently has a consensus rating of “Moderate Buy”.

MTU Aero Engines Price Performance

Shares of MTUAY opened at $210.47 on Thursday. MTU Aero Engines has a fifty-two week low of $145.02 and a fifty-two week high of $232.86. The firm’s 50-day simple moving average is $210.05 and its two-hundred day simple moving average is $215.61. The stock has a market cap of $22.66 billion, a PE ratio of 22.80 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.04 and a current ratio of 1.39.

MTU Aero Engines (OTCMKTS:MTUAY) last released its earnings results on Thursday, October 23rd. The company reported $2.61 earnings per share (EPS) for the quarter. The firm had revenue of $2.49 billion during the quarter. MTU Aero Engines had a net margin of 10.79% and a return on equity of 25.61%. Analysts anticipate that MTU Aero Engines will post 8.69 earnings per share for the current fiscal year.

MTU Aero Engines Company Profile

MTU Aero Engines AG is a German aircraft engine manufacturer headquartered in Munich that develops, manufactures and services commercial and military aero engines as well as industrial gas turbines. The company’s activities span the entire engine lifecycle, from conceptual design and development through production of modules and components to aftermarket maintenance, repair and overhaul (MRO). MTU supplies parts and technical solutions for a broad range of jet engines and turbomachinery used by airlines, MRO providers and defense customers.

In addition to core engine development and manufacturing, MTU offers comprehensive aftermarket services including scheduled and unscheduled maintenance, spare parts distribution, repair technologies and fleet support programs.