IMCD (OTCMKTS:IMCDY) Sees Large Decrease in Short Interest

IMCD (OTCMKTS:IMCDY) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 11,155 shares, a decline of 85.7% from the July 30th total of 78,045 shares. Based on an average daily volume of 120,767 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IMCDY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IMCD in a research report on Thursday, July 30th. UBS Group upgraded shares of IMCD to a “buy” rating in a research report on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, IMCD currently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

IMCD Trading Up 1.5%

OTCMKTS:IMCDY traded up $0.81 on Wednesday, hitting $56.52. 420 shares of the company’s stock traded hands, compared to its average volume of 66,447. IMCD has a 1 year low of $39.76 and a 1 year high of $61.56. The firm has a 50-day moving average price of $51.52 and a 200-day moving average price of $51.24.

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.