Teva Pharmaceutical Industries Limited (TEVA) Short Interest Up 36.6% in November
Teva Pharmaceutical Industries Limited (NYSE:TEVA) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 92,803,223 shares, an increase of 36.6% from the October 31st total of 67,929,666 shares. Based on an average trading volume of 37,712,746 shares, the days-to-cover ratio is presently 2.5 days.
Large investors have recently made changes to their positions in the business. Exane Derivatives acquired a new stake in Teva Pharmaceutical Industries during the third quarter worth about $571,000. Korea Investment CORP increased its stake in Teva Pharmaceutical Industries by 14.3% during the third quarter. Korea Investment CORP now owns 244,774 shares of the company’s stock worth $4,308,000 after acquiring an additional 30,674 shares during the last quarter. Financial Counselors Inc. increased its stake in Teva Pharmaceutical Industries by 5.7% during the second quarter. Financial Counselors Inc. now owns 140,599 shares of the company’s stock worth $4,671,000 after acquiring an additional 7,571 shares during the last quarter. Private Capital Management Inc. increased its stake in Teva Pharmaceutical Industries by 51.3% during the third quarter. Private Capital Management Inc. now owns 26,100 shares of the company’s stock worth $459,000 after acquiring an additional 8,850 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. acquired a new stake in Teva Pharmaceutical Industries during the third quarter worth about $317,000. Institutional investors own 52.05% of the company’s stock.
Shares of Teva Pharmaceutical Industries (TEVA) opened at $15.26 on Friday. The company has a market capitalization of $15,057.12, a PE ratio of 3.42 and a beta of 0.55. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.66 and a current ratio of 0.96. Teva Pharmaceutical Industries has a 12 month low of $10.85 and a 12 month high of $38.31.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.34 annualized dividend and a yield of 2.23%. Teva Pharmaceutical Industries’s dividend payout ratio is presently -16.97%.
A number of research firms have recently weighed in on TEVA. Barclays cut their price target on Teva Pharmaceutical Industries from $38.00 to $23.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. BidaskClub raised Teva Pharmaceutical Industries from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. Gabelli reissued a “buy” rating on shares of Teva Pharmaceutical Industries in a report on Wednesday, September 13th. UBS reissued a “neutral” rating and issued a $19.00 price target on shares of Teva Pharmaceutical Industries in a report on Thursday, September 14th. Finally, Maxim Group reiterated a “hold” rating and issued a $15.50 target price on shares of Teva Pharmaceutical Industries in a research note on Thursday, September 14th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.65.
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About Teva Pharmaceutical Industries
Teva Pharmaceutical Industries Limited is a pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Company operates through two segments: Generic medicines and Specialty medicines. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.
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