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

Novozymes A/S (OTCMKTS:NVZMY) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,603 shares, a decrease of 86.4% from the July 15th total of 26,584 shares. Based on an average daily trading volume, of 47,927 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NVZMY shares. Kepler Capital Markets upgraded Novozymes A/S from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Zacks Research upgraded Novozymes A/S from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Novozymes A/S has a consensus rating of “Buy”.

Novozymes A/S Stock Performance

OTCMKTS NVZMY opened at $64.52 on Wednesday. The firm has a 50-day moving average price of $62.55 and a two-hundred day moving average price of $60.45. Novozymes A/S has a 12-month low of $49.90 and a 12-month high of $66.66. The company has a market capitalization of $26.75 billion, a P/E ratio of 43.59, a P/E/G ratio of 3.07 and a beta of 0.92. The company has a quick ratio of 1.03, a current ratio of 1.67 and a debt-to-equity ratio of 0.27.

About Novozymes A/S

Novozymes A/S is a Danish biotechnology company that develops, produces and markets industrial enzymes and microorganisms. Headquartered in Bagsværd, Denmark, the company focuses on using biological solutions to improve industrial processes across a range of end markets. Its offerings are designed to increase product performance or process efficiency while reducing energy, water and chemical consumption for customers.

The company’s product portfolio includes enzymes and microbial solutions for household care (detergents and cleaning products), food and beverages (baking, brewing and dairy applications), bioenergy (enzymes for biofuel production), agriculture (microbial crop inputs and biocontrols) and industrial processing (textiles, pulp and paper, and wastewater treatment).