Short Interest in Novozymes A/S (OTCMKTS:NVZMY) Grows By 56.1%

Novozymes A/S (OTCMKTS:NVZMYGet Rating) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 8,900 shares, an increase of 56.1% from the March 31st total of 5,700 shares. Based on an average daily trading volume, of 24,800 shares, the days-to-cover ratio is presently 0.4 days.

A number of analysts have commented on NVZMY shares. Credit Suisse Group reduced their target price on shares of Novozymes A/S from 390.00 to 360.00 and set an “underperform” rating for the company in a report on Friday, February 4th. Barclays reduced their price objective on Novozymes A/S from 510.00 to 490.00 in a research note on Thursday, March 17th. Zacks Investment Research upgraded Novozymes A/S from a “sell” rating to a “hold” rating in a research report on Wednesday, April 6th. Kepler Capital Markets raised Novozymes A/S from a “reduce” rating to a “hold” rating in a report on Friday. Finally, Nordea Equity Research raised Novozymes A/S from a “sell” rating to a “hold” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to, the company has an average rating of “Hold” and an average target price of $313.33.

Novozymes A/S stock traded up $0.30 during mid-day trading on Friday, hitting $69.57. The stock had a trading volume of 9,327 shares, compared to its average volume of 12,553. Novozymes A/S has a one year low of $57.85 and a one year high of $83.31. The firm has a market capitalization of $15.88 billion, a P/E ratio of 39.41, a P/E/G ratio of 9.41 and a beta of 0.62. The firm’s 50 day moving average is $65.44 and its 200 day moving average is $70.60.

The firm also recently announced a dividend, which was paid on Tuesday, April 5th. Investors of record on Friday, March 18th were given a dividend of $0.567 per share. This represents a dividend yield of 0.95%. The ex-dividend date was Thursday, March 17th. Novozymes A/S’s dividend payout ratio is currently 31.61%.

About Novozymes A/S (Get Rating)

Novozymes A/S produces and sells industrial enzymes, microorganisms, and probiotics in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company offers baking, beverages, dairy, starch, and protein solutions for the food and beverage industry; laundry, dishwashing, and professional cleaning solutions for the household care industry; agriculture solutions, including crop production, and animal health and nutrition solutions; bioyield and biocontrol solutions for crops; and grain and technical processing solutions, as well as bio energy solutions for liquefaction, saccharifaction, fermentation, fiber conversion, and biomass conversion.

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