Nutrien Ltd. (NYSE:NTR) Short Interest Down 25.4% in January

Nutrien Ltd. (NYSE:NTR) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 6,216,324 shares, a decline of 25.4% from the January 15th total of 8,335,894 shares. Based on an average daily trading volume, of 2,803,888 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.3% of the shares of the stock are short sold. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,803,888 shares, the days-to-cover ratio is currently 2.2 days.

Nutrien Stock Up 0.6%

NTR stock traded up $0.40 during midday trading on Monday, reaching $70.83. The company had a trading volume of 1,904,449 shares, compared to its average volume of 2,789,798. Nutrien has a 1 year low of $45.78 and a 1 year high of $73.55. The company has a current ratio of 1.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $34.10 billion, a P/E ratio of 19.09 and a beta of 0.73. The company has a 50 day moving average of $65.40 and a two-hundred day moving average of $60.34.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NTR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Nutrien in a report on Monday, December 29th. UBS Group boosted their price objective on Nutrien from $58.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Scotiabank upped their price objective on Nutrien from $63.00 to $70.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Wall Street Zen raised Nutrien from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Oppenheimer reissued an “outperform” rating on shares of Nutrien in a report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Montag A & Associates Inc. boosted its holdings in Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares in the last quarter. Sfam LLC acquired a new stake in shares of Nutrien in the fourth quarter worth about $37,000. Root Financial Partners LLC bought a new stake in shares of Nutrien during the 3rd quarter worth about $37,000. Huntington National Bank boosted its stake in shares of Nutrien by 72.6% during the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after acquiring an additional 276 shares in the last quarter. Finally, Eastern Bank increased its holdings in shares of Nutrien by 133.0% during the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after acquiring an additional 399 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.