Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BAMXF) Sees Large Growth in Short Interest

Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BAMXF) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 5,307,400 shares, an increase of 71.1% from the March 15th total of 3,102,500 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is currently 6,634.3 days. Currently, 0.9% of the company’s shares are sold short.

Analysts Set New Price Targets

Several equities analysts have commented on BAMXF shares. Dbs Bank downgraded Bayerische Motoren Werke Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Berenberg Bank raised Bayerische Motoren Werke Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Barclays downgraded Bayerische Motoren Werke Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 27th. Finally, Hsbc Global Res downgraded shares of Bayerische Motoren Werke Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 20th.

Bayerische Motoren Werke Aktiengesellschaft Stock Up 1.5 %

Bayerische Motoren Werke Aktiengesellschaft stock opened at $78.80 on Thursday. The business has a fifty day moving average price of $83.65 and a 200-day moving average price of $80.77. Bayerische Motoren Werke Aktiengesellschaft has a 1-year low of $68.23 and a 1-year high of $118.00. The stock has a market capitalization of $45.69 billion, a price-to-earnings ratio of 5.62 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.10 and a quick ratio of 0.78.

Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BAMXF) last issued its quarterly earnings results on Friday, March 14th. The company reported $2.58 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($1.10). The business had revenue of $37.70 billion for the quarter, compared to analysts’ expectations of $43.77 billion. Bayerische Motoren Werke Aktiengesellschaft had a return on equity of 8.67% and a net margin of 5.48%. Equities research analysts forecast that Bayerische Motoren Werke Aktiengesellschaft will post 13.38 EPS for the current fiscal year.

About Bayerische Motoren Werke Aktiengesellschaft

Bayerische Motoren Werke Aktiengesellschaft engages in the development, manufacture, and sale of automobiles and motorcycles, and spare parts and accessories worldwide. It operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment engages in the development, manufacture, assembling, and sale of automobiles, spare parts, accessories, and mobility services under the BMW, MINI, and Rolls-Royce brands.