Novozymes A/S (OTCMKTS:NVZMY) Short Interest Update

Key Points

• Short Interest Decrease: Novozymes A/S saw a significant drop in short interest, falling 87.8% from 52,500 shares in August to 6,400 shares by September 15th.
• Analyst Downgrade: Zacks Research downgraded Novozymes A/S from a "strong-buy" to a "hold" rating, with the stock currently holding a consensus rating of "Hold".
• Dividend and Payout Ratio: The company recently cut its dividend to $0.1856 per share, reflecting a yield of 88.0% and a payout ratio of 23.42%.

Novozymes A/S (OTCMKTS:NVZMY - Get Free Report) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 6,400 shares, a decrease of 87.8% from the August 31st total of 52,500 shares. Based on an average daily trading volume, of 100,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 100,000 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Novozymes A/S from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Novozymes A/S Stock Up 1.9%

NVZMY stock traded up $1.13 during midday trading on Tuesday, reaching $61.17. The company had a trading volume of 25,920 shares, compared to its average volume of 39,748. The company has a 50 day moving average of $64.22 and a two-hundred day moving average of $65.81. The company has a current ratio of 1.75, a quick ratio of 1.07 and a debt-to-equity ratio of 0.28. Novozymes A/S has a 1 year low of $53.95 and a 1 year high of $75.99. The company has a market capitalization of $28.65 billion, a P/E ratio of 38.72, a PEG ratio of 1.15 and a beta of 0.93.

Novozymes A/S Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 11th. Investors of record on Wednesday, September 3rd were issued a $0.1856 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a yield of 88.0%. Novozymes A/S's dividend payout ratio is currently 23.42%.

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.

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