Bayer Aktiengesellschaft (OTCMKTS:BAYRY) Short Interest Down 58.8% in June

Bayer Aktiengesellschaft (OTCMKTS:BAYRY) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 92,000 shares, a drop of 58.8% from the May 31st total of 223,200 shares. Based on an average daily volume of 1,476,400 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BAYRY. Sanford C. Bernstein reiterated a “market perform” rating on shares of Bayer Aktiengesellschaft in a research note on Thursday, March 7th. The Goldman Sachs Group began coverage on shares of Bayer Aktiengesellschaft in a research note on Thursday, May 30th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Bayer Aktiengesellschaft Trading Up 1.0 %

BAYRY traded up $0.07 during midday trading on Friday, reaching $7.04. 707,797 shares of the company’s stock were exchanged, compared to its average volume of 748,317. The company has a quick ratio of 0.87, a current ratio of 1.31 and a debt-to-equity ratio of 1.06. Bayer Aktiengesellschaft has a one year low of $6.89 and a one year high of $14.70. The business has a 50-day simple moving average of $7.48 and a two-hundred day simple moving average of $7.87.

Bayer Aktiengesellschaft (OTCMKTS:BAYRY) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.77 EPS for the quarter. The firm had revenue of $14.95 billion during the quarter. Bayer Aktiengesellschaft had a negative net margin of 6.70% and a positive return on equity of 17.57%. Research analysts predict that Bayer Aktiengesellschaft will post 1.36 EPS for the current fiscal year.

Bayer Aktiengesellschaft Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, May 13th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.0191 per share. The ex-dividend date was Monday, April 29th. Bayer Aktiengesellschaft’s dividend payout ratio is -2.30%.

About Bayer Aktiengesellschaft

Bayer Aktiengesellschaft, together its subsidiaries, operates as a life science company worldwide. It operates through Pharmaceuticals, Consumer Health, and Crop Science segments. The Pharmaceuticals segment offers prescription products primarily for cardiology and women's health care; specialty therapeutics in the areas of oncology, hematology, and ophthalmology; and diagnostic imaging equipment and digital solutions, and contrast agents, as well as cell and gene therapy.