Short Interest in IMCD (OTCMKTS:IMCDY) Decreases By 90.1%

IMCD (OTCMKTS:IMCDY) was the target of a large drop in short interest in 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 presently 0.0 days.

IMCD Price Performance

OTCMKTS IMCDY opened at $49.84 on Friday. The company’s fifty day simple moving average is $49.93 and its 200-day simple moving average is $49.71. IMCD has a 52 week low of $39.76 and a 52 week high of $67.23.

Wall Street Analysts Forecast Growth

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

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.