Yara International ASA (OTCMKTS:YARIY) Sees Significant Increase in Short Interest

Yara International ASA (OTCMKTS:YARIY) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 7,715 shares, an increase of 362.5% from the August 15th total of 1,668 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 71,919 shares, the days-to-cover ratio is presently 0.1 days.

Yara International ASA Price Performance

OTCMKTS YARIY traded down $0.71 during trading on Friday, hitting $24.32. 18,533 shares of the stock traded hands, compared to its average volume of 29,783. The company has a market capitalization of $12.39 billion, a P/E ratio of 8.08 and a beta of 0.57. The firm has a 50-day simple moving average of $23.43 and a 200-day simple moving average of $25.67. The company has a quick ratio of 0.83, a current ratio of 1.78 and a debt-to-equity ratio of 0.31. Yara International ASA has a 12-month low of $17.48 and a 12-month high of $31.28.

Analysts Set New Price Targets

Several equities analysts have issued reports on YARIY shares. Zacks Research cut shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Barclays raised shares of Yara International ASA to a “strong sell” rating in a report on Friday, September 4th. Finally, Jefferies Financial Group cut Yara International ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Yara International ASA has an average rating of “Hold”.

Yara International ASA Company Profile

Yara International ASA is a Norway-based global company focused on crop nutrition and agricultural solutions. Its principal products include nitrogen fertilizers such as nitrates, urea and ammonia, as well as specialty fertilizers designed to support crop yields and improve nutrient efficiency.

The company also produces industrial nitrogen chemicals, including ammonia and nitrate-based products used in applications such as mining, manufacturing and environmental technology. Yara provides agronomic advice, digital farming tools and other services intended to help farmers manage nutrients and improve productivity while reducing agriculture’s environmental impact.

Yara serves customers through operations, production facilities and distribution networks across Europe, the Americas, Africa and Asia-Pacific.