IMCD (OTCMKTS:IMCDY) Short Interest Update

IMCD (OTCMKTS:IMCDY) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 11,155 shares, a drop of 85.7% from the July 30th total of 78,045 shares. Based on an average daily trading volume, of 120,767 shares, the short-interest ratio is currently 0.1 days.

IMCD Stock Performance

Shares of IMCDY stock traded up $1.17 on Friday, hitting $57.44. 4,003 shares of the stock traded hands, compared to its average volume of 65,691. The company’s fifty day moving average is $51.83 and its 200 day moving average is $51.30. IMCD has a 1-year low of $39.76 and a 1-year high of $61.56.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group raised IMCD to a “buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IMCD in a research note on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $72.50.

IMCD Company Profile

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.