Short Interest in Chr. Hansen Holding A/S (OTCMKTS:CHYHY) Declines By 89.9%

Chr. Hansen Holding A/S (OTCMKTS:CHYHY) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,900 shares, a decline of 89.9% from the December 15th total of 18,900 shares. Based on an average daily volume of 107,100 shares, the short-interest ratio is presently 0.0 days.

Several research firms have commented on CHYHY. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Chr. Hansen Holding A/S in a research note on Tuesday, November 30th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Chr. Hansen Holding A/S in a research note on Friday, October 15th. Barclays raised shares of Chr. Hansen Holding A/S from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, January 4th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Chr. Hansen Holding A/S in a research note on Monday, October 18th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.54.

CHYHY stock traded up $1.37 during midday trading on Friday, hitting $20.80. The stock had a trading volume of 47,065 shares, compared to its average volume of 63,107. Chr. Hansen Holding A/S has a 12-month low of $18.30 and a 12-month high of $24.57. The company’s 50-day moving average price is $19.59 and its 200 day moving average price is $20.99.

The business also recently disclosed a dividend, which was paid on Monday, December 6th. Stockholders of record on Thursday, November 25th were paid a dividend of $0.5232 per share. The ex-dividend date of this dividend was Wednesday, November 24th. This is a boost from Chr. Hansen Holding A/S’s previous dividend of $0.27. This represents a dividend yield of 2.54%.

Chr. Hansen Holding A/S Company Profile

Chr. Hansen Holding A/S is a bioscience company, which engages in the development of natural solutions for the food, nutritional, pharmaceutical, and agricultural industries. It operates through the following segments: Food Cultures and Enzymes; Health and Nutrition; and Natural Colors. The Food Cultures and Enzymes segment produces and sells cultures, enzymes, and probiotic products that help determine the taste, flavor, texture, shelf life, nutritional value, and health benefits of consumer products in the food industry.

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