In December, short interest in Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS: BMWYY) surged considerably. There were 23,500 shares available for short sale during the prior month, but as of December 15, there were a total of 51,800 shares available for a short sale. This represents an increase of 120.4% from the total shares available during the prior month. The current short-interest ratio is 0.5 days, calculated based on an average trading volume of 105,500 shares. This number was arrived at after taking into account the historical data.
OTCMKTS On Thursday, trading in BMWYY got underway for $29.29. In the past 52 weeks, the price of Bayerische Motoren Werke Aktiengesellschaft has fluctuated between a low of $22.27 and a high of $38.09, with a low of $22.27 serving as the lowest point and $38.09 serving as the highest point. The stock has been trading at $28.42 on its simple moving average for the past 50 days, and its simple moving average for the past 200 days is $26.44, respectively.
Recent analyst reports have focused on BMWYY to a much greater extent than any other company. On October 18, Barclays published a research report on Bayerische Motoren Werke Aktiengesellschaft. In the report, they stated that they had decreased their price objective on the company from €95.00 ($101.06) to €80.00 ($85.11) and that they classified the company as “equal weight.” Bank of America downgraded their previous “neutral” rating of Bayerische Motoren Werke Aktiengesellschaft to an “underperform” rating in a research note published on December 8. This rating was a drop from their previous “outperform” rating. On Monday, November 7, Berenberg Bank released a research note that lowered their target price for Bayerische Motoren Werke Aktiengesellschaft from €100.00 ($106.38) to €95.00 ($101.06). They also rated the company’s stock as having a “buy” recommendation for investors to consider purchasing it. One of the research analysts covering the company has recommended selling shares of the company’s stock. In contrast, two other analysts have maintained a hold rating, and five have maintained a buy rating on the company’s stock. The current consensus recommendation for Bayerische Motoren Werke Aktiengesellschaft is a “Moderate Buy,” The price target has been set at $103.00, as reported by Bloomberg.
Automobiles, motorcycles, spare parts, and accessories are designed, manufactured, and distributed all over the world by the Bayerische Motoren Werke Aktiengesellschaft, along with its subsidiaries and other affiliated companies. The company is involved in several different industries, including the automotive sector, the motorcycle industry, and the financial services sector. Under the BMW, MINI, and Rolls-Royce brand names, the Automotive segment is in charge of the automobile industry’s design, development, production, and assembly processes, in addition to the marketing of spare parts, accessories, and mobility services.