Mylan N.V. (MYL) Short Interest Up 7.0% in September
Mylan N.V. (NASDAQ:MYL) was the target of a significant increase in short interest in the month of September. As of September 29th, there was short interest totalling 28,385,090 shares, an increase of 7.0% from the September 15th total of 26,525,497 shares. Based on an average daily volume of 5,866,326 shares, the days-to-cover ratio is presently 4.8 days. Currently, 5.6% of the company’s stock are short sold.
Mylan N.V. (NASDAQ MYL) opened at 38.29 on Thursday. The company has a market cap of $20.53 billion, a P/E ratio of 30.95 and a beta of 1.30. The company’s 50-day moving average is $32.74 and its 200-day moving average is $36.35. Mylan N.V. has a 12 month low of $29.39 and a 12 month high of $45.87.
Mylan N.V. (NASDAQ:MYL) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.08). Mylan N.V. had a net margin of 5.51% and a return on equity of 22.42%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The business’s revenue was up 15.7% on a year-over-year basis. On average, equities research analysts expect that Mylan N.V. will post $4.58 EPS for the current fiscal year.
Several research analysts have recently issued reports on MYL shares. Cowen and Company reiterated a “hold” rating and issued a $30.00 target price (down previously from $43.00) on shares of Mylan N.V. in a research note on Wednesday, August 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $32.00 target price (down previously from $33.00) on shares of Mylan N.V. in a research note on Thursday, August 10th. Citigroup Inc. upgraded shares of Mylan N.V. from a “neutral” rating to a “buy” rating and upped their target price for the stock from $36.00 to $42.00 in a research note on Wednesday, August 16th. Wells Fargo & Company set a $32.00 target price on shares of Mylan N.V. and gave the stock a “hold” rating in a research note on Wednesday, October 4th. Finally, Cantor Fitzgerald set a $34.00 target price on shares of Mylan N.V. and gave the stock a “hold” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $41.21.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bellwether Investment Group LLC lifted its stake in Mylan N.V. by 0.3% during the 2nd quarter. Bellwether Investment Group LLC now owns 6,622 shares of the company’s stock valued at $257,000 after acquiring an additional 23 shares during the period. Suntrust Banks Inc. lifted its stake in Mylan N.V. by 0.7% during the 2nd quarter. Suntrust Banks Inc. now owns 9,184 shares of the company’s stock valued at $355,000 after acquiring an additional 60 shares during the period. Cleararc Capital Inc. lifted its stake in Mylan N.V. by 0.6% during the 1st quarter. Cleararc Capital Inc. now owns 10,394 shares of the company’s stock valued at $405,000 after acquiring an additional 67 shares during the period. Dai Ichi Life Insurance Company Ltd lifted its stake in Mylan N.V. by 0.4% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 26,002 shares of the company’s stock valued at $1,009,000 after acquiring an additional 107 shares during the period. Finally, Sei Investments Co. lifted its stake in Mylan N.V. by 1.0% during the 1st quarter. Sei Investments Co. now owns 13,870 shares of the company’s stock valued at $541,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 71.97% of the company’s stock.
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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.
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