Short Interest in Mosaic Co (NYSE:MOS) Declines By 7.6%

Mosaic Co (NYSE:MOS) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 11,577,600 shares, a decline of 7.6% from the June 30th total of 12,530,400 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average trading volume of 5,270,000 shares, the short-interest ratio is currently 2.2 days.

Large investors have recently modified their holdings of the stock. Stonebridge Capital Advisors LLC purchased a new position in Mosaic during the second quarter valued at approximately $32,000. Captrust Financial Advisors grew its stake in Mosaic by 207.9% during the second quarter. Captrust Financial Advisors now owns 1,404 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 948 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Mosaic by 169.1% during the second quarter. Rockefeller Capital Management L.P. now owns 1,596 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,003 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in Mosaic during the first quarter valued at approximately $41,000. Finally, Rational Advisors LLC grew its stake in Mosaic by 2,825.9% during the first quarter. Rational Advisors LLC now owns 1,580 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 1,526 shares in the last quarter. 74.32% of the stock is owned by institutional investors.

Several analysts have commented on MOS shares. Zacks Investment Research lowered shares of Mosaic from a “hold” rating to a “strong sell” rating in a research report on Monday, May 20th. CIBC downgraded shares of Mosaic from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, August 7th. Scotiabank upgraded shares of Mosaic from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 8th. TheStreet downgraded shares of Mosaic from a “b-” rating to a “c+” rating in a research note on Thursday, May 9th. Finally, Barclays reiterated a “hold” rating and issued a $28.00 target price on shares of Mosaic in a research note on Thursday, May 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.94.

Shares of MOS traded down $0.35 during trading hours on Thursday, hitting $19.29. The company’s stock had a trading volume of 4,654,200 shares, compared to its average volume of 4,648,948. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 2.50 and a beta of 1.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 0.60. The business has a 50 day simple moving average of $23.66 and a two-hundred day simple moving average of $25.95. Mosaic has a 52-week low of $19.19 and a 52-week high of $37.37.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.18). The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Mosaic had a net margin of 2.70% and a return on equity of 6.87%. Mosaic’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. Research analysts predict that Mosaic will post 1.19 earnings per share for the current year.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and International Distribution. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names.

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