Teva Pharmaceutical Industries Ltd (NYSE:TEVA) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 80,161,471 shares, a decrease of 13.6% from the November 15th total of 92,803,223 shares. Based on an average daily volume of 24,072,035 shares, the days-to-cover ratio is currently 3.3 days.

Teva Pharmaceutical Industries (TEVA) opened at $17.45 on Thursday. The company has a market cap of $18,816.32, a price-to-earnings ratio of 4.28 and a beta of 0.55. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.66 and a current ratio of 0.96. Teva Pharmaceutical Industries has a 12-month low of $10.85 and a 12-month high of $38.31.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th were given a dividend of $0.085 per share. The ex-dividend date was Monday, November 27th. This represents a $0.34 dividend on an annualized basis and a yield of 1.95%. Teva Pharmaceutical Industries’s payout ratio is currently -12.10%.

Several institutional investors and hedge funds have recently made changes to their positions in TEVA. San Francisco Sentry Investment Group CA purchased a new position in shares of Teva Pharmaceutical Industries in the 2nd quarter valued at about $106,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Teva Pharmaceutical Industries by 2.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,711 shares of the company’s stock valued at $123,000 after purchasing an additional 94 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Teva Pharmaceutical Industries in the 3rd quarter valued at about $129,000. Shelter Mutual Insurance Co purchased a new position in shares of Teva Pharmaceutical Industries in the 2nd quarter valued at about $133,000. Finally, Fieldpoint Private Securities LLC purchased a new position in shares of Teva Pharmaceutical Industries in the 3rd quarter valued at about $171,000. Institutional investors and hedge funds own 51.98% of the company’s stock.

Several research firms recently commented on TEVA. UBS set a $20.00 price target on shares of Teva Pharmaceutical Industries and gave the company a “hold” rating in a research report on Monday. Piper Jaffray Companies set a $16.00 price target on shares of Teva Pharmaceutical Industries and gave the company a “hold” rating in a research report on Thursday, December 14th. Royal Bank of Canada set a $13.00 price target on shares of Teva Pharmaceutical Industries and gave the company a “sell” rating in a research report on Friday, December 15th. Cantor Fitzgerald set a $10.00 price target on shares of Teva Pharmaceutical Industries and gave the company a “hold” rating in a research report on Thursday, December 14th. Finally, BTIG Research upped their price target on shares of Teva Pharmaceutical Industries to $20.00 in a research report on Friday, December 15th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $20.68.

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Teva Pharmaceutical Industries Company Profile

Teva Pharmaceutical Industries Limited is a pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Company operates through two segments: Generic medicines and Specialty medicines. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.

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