Coloplast A/S Sponsored ADR (OTCMKTS:CLPBY) Sees Large Growth in Short Interest

Coloplast A/S Sponsored ADR (OTCMKTS:CLPBY) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,348,635 shares, an increase of 979.7% from the September 30th total of 124,913 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 837,048 shares, the short-interest ratio is presently 1.6 days.

Coloplast A/S Stock Down 1.2%

Coloplast A/S stock traded down $0.09 during midday trading on Monday, reaching $7.24. The stock had a trading volume of 65,939 shares, compared to its average volume of 436,922. Coloplast A/S has a 12 month low of $5.64 and a 12 month high of $9.70. The company has a market capitalization of $16.32 billion, a P/E ratio of 38.11, a PEG ratio of 2.61 and a beta of 0.21. The company has a fifty day moving average price of $6.78 and a two-hundred day moving average price of $6.47. The company has a current ratio of 1.56, a quick ratio of 0.94 and a debt-to-equity ratio of 1.51.

Coloplast A/S (OTCMKTS:CLPBY) last announced its quarterly earnings results on Tuesday, August 18th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Coloplast A/S had a return on equity of 39.27% and a net margin of 9.68%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. As a group, equities analysts expect that Coloplast A/S will post 0.40 EPS for the current fiscal year.

Coloplast A/S Company Profile

Coloplast A/S is a Denmark-based medical technology company that develops, manufactures and markets products designed to help people manage intimate health conditions. Its core businesses include ostomy care, continence care, wound and skin care, and interventional urology. The company’s products are used by patients and healthcare professionals in hospitals, clinics and home-care settings.

Coloplast was founded in Denmark in 1957 after nurse Elise Sørensen helped develop an adhesive ostomy bag for her sister, who had undergone surgery.