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

Novozymes A/S (OTCMKTS:NVZMY - Get Free Report) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,400 shares, a decline of 22.2% from the September 30th total of 1,800 shares. Based on an average daily trading volume, of 21,200 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Berenberg Bank upgraded shares of Novozymes A/S to a "strong-buy" rating in a research report on Tuesday, September 24th. Citigroup downgraded shares of Novozymes A/S from a "neutral" rating to a "sell" rating in a report on Thursday, October 17th.

Novozymes A/S Trading Down 0.7 %

NVZMY traded down $0.42 on Friday, hitting $63.79. The company had a trading volume of 6,190 shares, compared to its average volume of 12,530. The company's fifty day moving average price is $68.22 and its 200 day moving average price is $63.25. Novozymes A/S has a 1 year low of $41.35 and a 1 year high of $72.50. The firm has a market cap of $29.87 billion, a P/E ratio of 40.37, a PEG ratio of 3.87 and a beta of 0.89.

Novozymes A/S Cuts Dividend

The company also recently declared 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%.

About Novozymes A/S

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.