Short Interest in Yara International ASA (OTCMKTS:YARIY) Drops By 86.2%

Yara International ASA (OTCMKTS:YARIY) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 4,412 shares, a decline of 86.2% from the May 31st total of 31,949 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 72,697 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Citigroup cut shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Pareto Securities upgraded shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Zacks Research downgraded shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Jefferies Financial Group lowered shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Yara International ASA Price Performance

Shares of YARIY stock opened at $21.95 on Friday. The business has a fifty day simple moving average of $27.11 and a 200 day simple moving average of $25.00. The company has a market cap of $11.18 billion, a P/E ratio of 7.98 and a beta of 0.53. The company has a quick ratio of 1.02, a current ratio of 1.79 and a debt-to-equity ratio of 0.31. Yara International ASA has a twelve month low of $17.48 and a twelve month high of $31.28.

Yara International ASA (OTCMKTS:YARIY) last issued its earnings results on Friday, April 24th. The basic materials company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $3.95 billion. Yara International ASA had a return on equity of 23.06% and a net margin of 8.58%. On average, sell-side analysts forecast that Yara International ASA will post 3.33 EPS for the current fiscal year.

Yara International ASA Company Profile

Yara International ASA is a Norway-based chemical company that specializes in the production and distribution of mineral fertilizers and nitrogen-based crop nutrition solutions. Headquartered in Oslo, Yara is recognized for its comprehensive portfolio of products that support agricultural productivity, environmental protection and industrial applications. The company’s operations span the entire value chain from ammonia production to the blending and distribution of finished fertilizer products.

The core of Yara’s business centers on nitrogen-based fertilizers including ammonium nitrate, urea, calcium ammonium nitrate and specialty blends designed to optimize crop yield and nutrient use efficiency.