Short Interest in Novozymes A/S (OTCMKTS:NVZMY) Declines By 90.9%

Novozymes A/S (OTCMKTS:NVZMY) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 405 shares, a decline of 90.9% from the February 26th total of 4,463 shares. Based on an average daily volume of 258,876 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Novozymes A/S Price Performance

NVZMY stock opened at $56.89 on Thursday. The stock’s 50 day moving average price is $59.60 and its 200 day moving average price is $61.50. The firm has a market cap of $23.58 billion, a P/E ratio of 40.64, a PEG ratio of 1.02 and a beta of 1.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.61. Novozymes A/S has a 1 year low of $49.90 and a 1 year high of $75.99.

Novozymes A/S (OTCMKTS:NVZMY) last released its quarterly earnings results on Wednesday, February 25th. The biotechnology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.44). Novozymes A/S had a return on equity of 6.38% and a net margin of 13.96%.The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.22 billion. On average, sell-side analysts expect that Novozymes A/S will post 1.82 earnings per share for the current fiscal year.

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).