IMCD (OTCMKTS:IMCDY) Sees Large Drop in Short Interest

IMCD (OTCMKTS:IMCDY) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 255 shares, a decline of 90.1% from the June 30th total of 2,563 shares. Based on an average trading volume of 21,649 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of IMCD to a “buy” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.50.

IMCD Price Performance

IMCDY stock traded down $0.83 during mid-day trading on Friday, hitting $49.84. 24,311 shares of the company were exchanged, compared to its average volume of 66,865. IMCD has a twelve month low of $39.76 and a twelve month high of $67.23. The firm has a fifty day simple moving average of $50.05 and a 200 day simple moving average of $49.71.

About IMCD

IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific. The company provides adhesives, core materials, filler reinforcements, flame retardants, masterbatch, modifiers, operating materials, pigments, plasticizers, processing aids, PUR raw materials, rubber elastomers, solvents, stabilizers, thermoplastic elastomers, thermoplastics, thermoplastics, and other additives.