Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BAMXF) Sees Significant Drop in Short Interest

Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BAMXF) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 3,285,700 shares, a decrease of 38.5% from the February 13th total of 5,345,100 shares. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is currently 730.2 days. Approximately 0.6% of the company’s stock are short sold.

Bayerische Motoren Werke Aktiengesellschaft Stock Performance

Shares of BAMXF stock opened at $87.13 on Monday. Bayerische Motoren Werke Aktiengesellschaft has a one year low of $68.86 and a one year high of $123.75. The company’s 50-day moving average is $83.36 and its 200 day moving average is $81.62. The company has a market capitalization of $50.52 billion, a price-to-earnings ratio of 6.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.78 and a current ratio of 1.10.

Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BAMXF) last announced its quarterly earnings results on Friday, March 14th. The company reported $2.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($1.10). The company had revenue of $37.70 billion for the quarter, compared to analysts’ expectations of $43.77 billion. Bayerische Motoren Werke Aktiengesellschaft had a net margin of 5.48% and a return on equity of 8.67%. Sell-side analysts expect that Bayerische Motoren Werke Aktiengesellschaft will post 13.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of Bayerische Motoren Werke Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd.

Bayerische Motoren Werke Aktiengesellschaft Company Profile

Bayerische Motoren Werke Aktiengesellschaft engages in the development, manufacture, and sale of automobiles and motorcycles, and spare parts and accessories worldwide. It operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment engages in the development, manufacture, assembling, and sale of automobiles, spare parts, accessories, and mobility services under the BMW, MINI, and Rolls-Royce brands.