Northern Technologies International Corporation (NASDAQ:NTIC) Short Interest Down 28.6% in December

Northern Technologies International Corporation (NASDAQ:NTIC) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 18,438 shares, a decrease of 28.6% from the November 30th total of 25,821 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 42,087 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 42,087 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of Northern Technologies International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sheets Smith Wealth Management grew its holdings in shares of Northern Technologies International by 4.1% during the second quarter. Sheets Smith Wealth Management now owns 48,948 shares of the specialty chemicals company’s stock valued at $363,000 after buying an additional 1,948 shares during the last quarter. Osaic Holdings Inc. lifted its position in Northern Technologies International by 1,124.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 3,215 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Northern Technologies International by 20.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 24,000 shares of the specialty chemicals company’s stock worth $178,000 after purchasing an additional 4,000 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Northern Technologies International by 57.5% in the third quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock worth $177,000 after purchasing an additional 8,401 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Northern Technologies International in the first quarter valued at approximately $109,000. Institutional investors own 32.88% of the company’s stock.

Northern Technologies International Stock Down 0.9%

Shares of NTIC traded down $0.07 during trading hours on Monday, hitting $7.50. The stock had a trading volume of 54,999 shares, compared to its average volume of 30,626. Northern Technologies International has a 1-year low of $6.75 and a 1-year high of $13.94. The firm has a market capitalization of $71.10 million, a P/E ratio of -749.25 and a beta of 0.19. The firm has a 50 day simple moving average of $7.66 and a 200-day simple moving average of $7.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.86 and a quick ratio of 1.21.

Northern Technologies International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, October 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Northern Technologies International’s payout ratio is currently -400.00%.

Analyst Ratings Changes

NTIC has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Northern Technologies International in a research report on Monday, December 22nd. Zacks Research downgraded shares of Northern Technologies International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Finally, Wall Street Zen raised Northern Technologies International from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Northern Technologies International Company Profile

Northern Technologies International Corporation (NASDAQ: NTIC) is a Minnesota‐based specialty chemical company that develops, manufactures and markets environmentally responsible corrosion prevention and metal surface treatment products. The company’s solutions include volatile corrosion inhibitor (VCI) films, emitters, powders and liquids designed to protect ferrous and non‐ferrous metals in industrial, aerospace, defense, electronics and automotive applications. In addition, NTIC offers packaging materials, engineered coatings and specialty pretreatment chemicals that meet stringent environmental regulations while extending equipment life and reducing maintenance costs.

NTIC serves a diversified global customer base, including metal fabricators, automotive suppliers, electronics manufacturers and oil and gas producers.