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

IMCD (OTCMKTS:IMCDY) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 255 shares, a drop 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.

Analyst Upgrades and Downgrades

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

IMCD Stock Performance

Shares of IMCDY stock traded down $0.83 during mid-day trading on Friday, reaching $49.84. The company’s stock had a trading volume of 24,311 shares, compared to its average volume of 66,865. The company’s 50 day simple moving average is $50.05 and its 200-day simple moving average is $49.71. IMCD has a 12-month low of $39.76 and a 12-month high of $67.23.

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.