Recordati Industria Chimica E Farmaceutica S.P.A. (OTCMKTS:RCDTF) Sees Significant Drop in Short Interest

Recordati Industria Chimica E Farmaceutica S.P.A. (OTCMKTS:RCDTFGet Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 191,938 shares, a drop of 35.0% from the June 15th total of 295,188 shares. Based on an average daily volume of 20 shares, the days-to-cover ratio is currently 9,596.9 days. Approximately 0.1% of the shares of the company are short sold.

Recordati Industria Chimica E Farmaceutica Stock Performance

Shares of RCDTF stock opened at $58.00 on Friday. The company has a market cap of $11.97 billion, a P/E ratio of 21.94 and a beta of 0.25. Recordati Industria Chimica E Farmaceutica has a 52 week low of $55.88 and a 52 week high of $60.00. The company has a quick ratio of 0.86, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average of $58.29 and a two-hundred day moving average of $59.88.

Recordati Industria Chimica E Farmaceutica (OTCMKTS:RCDTFGet Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $1.08 earnings per share for the quarter. The business had revenue of $834.86 million during the quarter. Recordati Industria Chimica E Farmaceutica had a net margin of 17.81% and a return on equity of 34.38%.

About Recordati Industria Chimica E Farmaceutica

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Recordati Industria Chimica e Farmaceutica is an Italy‐based international pharmaceutical company engaged in the research, development, manufacturing and commercialization of therapeutic products. Established in 1926, the company has built a diversified portfolio that includes proprietary drugs, generics and orphan medicines, with a particular emphasis on treatments for rare diseases. Recordati’s product range spans cardiovascular, urology, endocrinology, dermatology and oncology therapies, as well as specialized formulations for genetic and metabolic disorders.

The company’s historical roots date back nearly a century, when it began as a family‐owned enterprise in Milan.

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