Incitec Pivot Limited (OTCMKTS:INCZY) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 4,000 shares, a decline of 72.0% from the August 15th total of 14,300 shares. Based on an average daily volume of 9,400 shares, the short-interest ratio is presently 0.4 days.
OTCMKTS:INCZY opened at $1.96 on Wednesday. The company has a fifty day moving average of $1.96 and a two-hundred day moving average of $1.97. Incitec Pivot has a fifty-two week low of $1.32 and a fifty-two week high of $2.29.
INCZY has been the subject of several analyst reports. Citigroup upgraded shares of Incitec Pivot from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 18th. upgraded shares of Incitec Pivot from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 18th.
Incitec Pivot Ltd. engages in manufacturing and selling of explosives, fertilisers and industrial chemicals. The company operates through businesses: Asia Pacific, America and Corporate. The Asia Pacific business operates through five segments: Incitec Pivot Fertilisers, Southern Cross International, Fertilisers Elimination, Dyno Nobel Asia Pacific and Asia Pacific Eliminations.
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