Novozymes A/S (OTCMKTS:NVZMY) Sees Significant Decline in Short Interest

Novozymes A/S (OTCMKTS:NVZMY) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 200 shares, a decline of 83.3% from the October 31st total of 1,200 shares. Based on an average trading volume of 28,700 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

NVZMY has been the subject of several analyst reports. Citigroup downgraded shares of Novozymes A/S from a “neutral” rating to a “sell” rating in a report on Thursday, October 17th. Barclays raised shares of Novozymes A/S to a “strong-buy” rating in a research report on Monday, November 18th. Finally, Berenberg Bank raised Novozymes A/S to a “strong-buy” rating in a report on Tuesday, September 24th.

Novozymes A/S Trading Up 0.2 %

Shares of OTCMKTS:NVZMY traded up $0.12 during midday trading on Wednesday, reaching $58.60. The company had a trading volume of 9,170 shares, compared to its average volume of 12,780. The stock has a market cap of $27.44 billion, a P/E ratio of 37.01, a P/E/G ratio of 3.87 and a beta of 0.90. The company’s 50 day moving average price is $64.56 and its 200 day moving average price is $63.78. Novozymes A/S has a 52-week low of $49.99 and a 52-week high of $72.50.

Novozymes A/S Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, September 18th. Stockholders of record on Monday, September 9th were given a dividend of $0.1678 per share. The ex-dividend date of this dividend was Monday, September 9th. Novozymes A/S’s dividend payout ratio is currently 41.77%.

Novozymes A/S Company Profile

Novozymes A/S produces and sells industrial enzymes, microorganisms, and probiotics in Denmark, rest of Europe, North America, Asia Pacific, the Middle East, Africa, Latin America, and internationally. The company offers protein solutions for the food and beverage industry. It also offers industrial hygiene, drain openers, hard surface, medical cleaning, septic tanks, ware washing, and professional laundry services.