Short Interest in IMCD (OTCMKTS:IMCDY) Declines By 73.9%

IMCD (OTCMKTS:IMCDY) was the target 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 daily trading volume, of 11,488 shares, the days-to-cover ratio is currently 0.3 days.

IMCD Trading Down 1.1%

IMCDY stock traded down $0.64 during trading on Friday, reaching $56.31. The company’s stock had a trading volume of 6,329 shares, compared to its average volume of 62,694. The company’s fifty day moving average is $54.19 and its 200-day moving average is $51.61. IMCD has a 1 year low of $39.76 and a 1 year high of $61.56.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. UBS Group raised IMCD to a “buy” rating in a 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 given a Sell rating to the stock. According to data from MarketBeat.com, IMCD has a consensus rating of “Moderate Buy” and an average price target 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.