Innospec Inc. (NASDAQ:IOSP) Short Interest Down 10.8% in January

Innospec Inc. (NASDAQ:IOSPGet Free Report) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 289,000 shares, a decline of 10.8% from the January 15th total of 324,000 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 130,300 shares, the days-to-cover ratio is currently 2.2 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Innospec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 11th.

View Our Latest Research Report on Innospec

Institutional Investors Weigh In On Innospec

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Innospec by 503.9% in the third quarter. Blue Trust Inc. now owns 779 shares of the specialty chemicals company’s stock valued at $96,000 after acquiring an additional 650 shares during the last quarter. nVerses Capital LLC lifted its position in Innospec by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 900 shares of the specialty chemicals company’s stock valued at $102,000 after purchasing an additional 600 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Innospec in the 4th quarter valued at about $106,000. Covestor Ltd grew its position in shares of Innospec by 13.9% during the 4th quarter. Covestor Ltd now owns 967 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 118 shares during the period. Finally, KBC Group NV raised its stake in shares of Innospec by 82.3% during the fourth quarter. KBC Group NV now owns 1,236 shares of the specialty chemicals company’s stock worth $136,000 after buying an additional 558 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Innospec Stock Down 3.2 %

IOSP traded down $3.61 during trading on Monday, hitting $108.19. The company’s stock had a trading volume of 154,173 shares, compared to its average volume of 114,648. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 18.88 and a beta of 1.09. The firm’s 50 day moving average price is $111.79 and its two-hundred day moving average price is $112.74. Innospec has a 12 month low of $103.65 and a 12 month high of $133.71.

About Innospec

(Get Free Report)

Innospec Inc develops, manufactures, blends, markets, and supplies specialty chemicals in the United States, rest of North America, the United Kingdom, rest of Europe, and internationally. The company's Fuel Specialties segment offers a range of specialty chemical products that are used as additives in additives in diesel, jet, marine, fuel oil and other fuels.

Further Reading

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