Mylan N.V. (MYL) Sees Significant Decline in Short Interest

Mylan N.V. (NASDAQ:MYL) was the recipient of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 20,762,241 shares, a decline of 7.5% from the July 31st total of 22,447,504 shares. Currently, 4.1% of the company’s stock are short sold. Based on an average daily volume of 12,720,095 shares, the days-to-cover ratio is currently 1.6 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in MYL. BlackRock Inc. boosted its position in Mylan N.V. by 3,447.5% during the first quarter. BlackRock Inc. now owns 38,822,643 shares of the company’s stock worth $1,513,696,000 after acquiring an additional 37,728,274 shares during the last quarter. Pzena Investment Management LLC acquired a new position in shares of Mylan N.V. in the 1st quarter valued at $283,158,000. Vanguard Group Inc. boosted its holdings in shares of Mylan N.V. by 12.0% in the 2nd quarter. Vanguard Group Inc. now owns 32,880,790 shares of the company’s stock valued at $1,276,432,000 after purchasing an additional 3,531,974 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of Mylan N.V. by 187.3% in the 1st quarter. TIAA CREF Investment Management LLC now owns 4,315,668 shares of the company’s stock valued at $168,268,000 after purchasing an additional 2,813,653 shares during the last quarter. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new position in shares of Mylan N.V. in the 2nd quarter valued at $84,364,000. Hedge funds and other institutional investors own 71.97% of the company’s stock.

MYL has been the subject of several recent analyst reports. Zacks Investment Research upgraded Mylan N.V. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Barclays PLC upgraded Mylan N.V. from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $47.00 to $50.00 in a research report on Monday, May 22nd. Royal Bank Of Canada set a $41.00 price objective on Mylan N.V. and gave the company a “hold” rating in a research report on Sunday, July 16th. Citigroup Inc. upgraded Mylan N.V. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $36.00 to $42.00 in a research report on Wednesday, August 16th. Finally, Cowen and Company reiterated a “market perform” rating and set a $43.00 price objective (down previously from $55.00) on shares of Mylan N.V. in a research report on Sunday, May 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.43.

Mylan N.V. (MYL) traded down 2.56% during trading on Friday, hitting $32.03. The stock had a trading volume of 20,184,738 shares. The firm’s 50-day moving average price is $32.33 and its 200-day moving average price is $37.58. The company has a market cap of $17.18 billion, a price-to-earnings ratio of 25.89 and a beta of 1.31. Mylan N.V. has a 52-week low of $29.39 and a 52-week high of $45.87.

Mylan N.V. (NASDAQ:MYL) last announced its earnings results on Wednesday, August 9th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.08). Mylan N.V. had a return on equity of 22.42% and a net margin of 5.51%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the business posted $1.16 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. Analysts predict that Mylan N.V. will post $4.52 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was published by BBNS and is the sole property of of BBNS. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/mylan-n-v-myl-short-interest-update/1566410.html.

Mylan N.V. Company Profile

Mylan N.V. is a global pharmaceutical company. The Company develops, licenses, manufactures, markets and distributes generic and branded generic products for resale by others; specialty pharmaceuticals, and active pharmaceutical ingredients (APIs). It operates through two segments: Generics and Specialty.

Receive News & Ratings for Mylan N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mylan N.V. and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.