Wacker Chemie AG (OTCMKTS:WKCMF) Short Interest Update

Wacker Chemie AG (OTCMKTS:WKCMF) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 117,451 shares, a decrease of 44.0% from the April 30th total of 209,560 shares. Based on an average daily volume of 183 shares, the days-to-cover ratio is presently 641.8 days.

Wacker Chemie Price Performance

OTCMKTS:WKCMF remained flat at $115.00 during trading hours on Tuesday. The business has a fifty day moving average price of $106.61 and a 200-day moving average price of $92.26. Wacker Chemie has a fifty-two week low of $70.50 and a fifty-two week high of $121.00.

Wall Street Analyst Weigh In

WKCMF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wacker Chemie in a research report on Thursday, April 9th. UBS Group lowered shares of Wacker Chemie from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 26th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

About Wacker Chemie

Wacker Chemie AG is a German chemical company founded in 1914 and headquartered in Munich. As a publicly traded entity, the company develops, produces and markets a wide range of chemical and biochemical products for industrial applications. With a global footprint that spans Europe, the Americas and Asia, Wacker Chemie serves customers in sectors such as construction, automotive, electronics, pharmaceuticals and renewable energy.

The company’s portfolio is structured around four core business divisions.