Short Interest in Yara International ASA (OTCMKTS:YARIY) Increases By 609.6%

Yara International ASA (OTCMKTS:YARIY) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 31,309 shares, a growth of 609.6% from the June 15th total of 4,412 shares. Based on an average trading volume of 98,158 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Yara International ASA Stock Performance

Shares of Yara International ASA stock traded up $0.09 during trading on Friday, hitting $22.80. 37,029 shares of the company’s stock were exchanged, compared to its average volume of 39,841. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 8.29 and a beta of 0.57. The business has a 50-day simple moving average of $25.68 and a 200-day simple moving average of $25.16. Yara International ASA has a 52-week low of $17.48 and a 52-week high of $31.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.02 and a current ratio of 1.79.

Yara International ASA (OTCMKTS:YARIY) last posted its quarterly earnings results on Friday, April 24th. The basic materials company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. Yara International ASA had a net margin of 8.58% and a return on equity of 23.06%. The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $3.95 billion. On average, research analysts forecast that Yara International ASA will post 3.56 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Pareto Securities upgraded shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Zacks Research cut shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Citigroup downgraded shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Jefferies Financial Group lowered shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.