Short Interest in Novozymes A/S (OTCMKTS:NVZMY) Decreases By 22.2%

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

Novozymes A/S Trading Down 0.7 %

Shares of Novozymes A/S stock traded down $0.42 during mid-day trading on Friday, hitting $63.79. 6,190 shares of the stock were exchanged, compared to its average volume of 12,530. The stock has a market capitalization of $29.87 billion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 3.87 and a beta of 0.89. Novozymes A/S has a twelve month low of $41.35 and a twelve month high of $72.50. The company has a 50-day simple moving average of $68.22 and a 200 day simple moving average of $63.25.

Novozymes A/S Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, September 18th. Investors 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 (DPR) is currently 41.77%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NVZMY. Berenberg Bank upgraded Novozymes A/S to a “strong-buy” rating in a report on Tuesday, September 24th. Citigroup downgraded Novozymes A/S from a “neutral” rating to a “sell” rating in a research report on Thursday, October 17th.

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.