IMCD (OTCMKTS:IMCDY) Short Interest Update

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IMCDY. 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 research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

IMCD Price Performance

Shares of IMCD stock traded down $0.64 during mid-day trading on Friday, reaching $56.31. 6,329 shares of the stock traded hands, compared to its average volume of 62,694. The business has a 50-day moving average of $54.19 and a 200 day moving average of $51.61. IMCD has a fifty-two week low of $39.76 and a fifty-two week high of $61.56.

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.