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Shares of Mylan (NASDAQ:MYL) saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 31,202,280 shares, a decrease of 6.3% from the July 31st total of 33,302,915 shares, AnalystRatings.NET reports. Based on an average daily volume of 6,408,997 shares, the short-interest ratio is presently 4.9 days. Approximately 8.4% of the company’s shares are short sold.

Mylan (NASDAQ:MYL) opened at 48.68 on Wednesday. Mylan has a 52 week low of $34.86 and a 52 week high of $57.52. The stock’s 50-day moving average is $48.89 and its 200-day moving average is $49.92. The company has a market cap of $18.209 billion and a price-to-earnings ratio of 33.08.

Mylan Inc (NASDAQ:MYL) is a fully integrated global pharmaceutical company that develops, licenses, manufactures, markets and distributes generic, branded generic and specialty pharmaceuticals.

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