Chemtrade Logistics Income Fund (OTCMKTS:SUUIF) Short Interest Down 20.5% in August
Chemtrade Logistics Income Fund (OTCMKTS:SUUIF) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 739,700 shares, a decrease of 20.5% from the August 15th total of 930,600 shares. Based on an average trading volume of 2,700 shares, the short-interest ratio is currently 274.0 days.
Shares of SUUIF stock opened at $9.45 on Wednesday. Chemtrade Logistics Income Fund has a 12-month low of $4.25 and a 12-month high of $9.90. The business’s 50 day moving average is $9.11 and its two-hundred day moving average is $7.57.
SUUIF has been the topic of several recent research reports. Royal Bank of Canada upped their price target on shares of Chemtrade Logistics Income Fund from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. CIBC raised their target price on Chemtrade Logistics Income Fund from $13.50 to $14.50 and gave the stock an “outperform” rating in a report on Friday, August 14th. Raymond James decreased their price target on Chemtrade Logistics Income Fund from $13.50 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, June 9th. raised their price objective on shares of Chemtrade Logistics Income Fund from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, BMO Capital Markets lifted their target price on shares of Chemtrade Logistics Income Fund from $11.50 to $11.75 and gave the company a “market perform” rating in a report on Friday, August 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $13.29.
Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.
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