IMCD (OTCMKTS:IMCDY) Short Interest Update

IMCD (OTCMKTS:IMCDY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,912 shares, a decrease of 73.9% from the August 15th total of 11,155 shares. Based on an average daily trading volume, of 11,488 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

IMCDY has been the topic of several research reports. UBS Group upgraded shares of IMCD to a “buy” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IMCD in a report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.50.

IMCD Stock Down 1.1%

OTCMKTS:IMCDY traded down $0.64 during trading hours on Friday, hitting $56.31. The company had a trading volume of 6,329 shares, compared to its average volume of 62,694. IMCD has a 1 year low of $39.76 and a 1 year high of $61.56. The company has a 50-day moving average of $54.19 and a 200 day moving average of $51.61.

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.