Neo Performance Materials Inc. (OTCMKTS:NOPMF) Short Interest Up 72.3% in July

Neo Performance Materials Inc. (OTCMKTS:NOPMF) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 556,698 shares, an increase of 72.3% from the June 30th total of 323,174 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average trading volume of 58,452 shares, the days-to-cover ratio is currently 9.5 days.

Analysts Set New Price Targets

NOPMF has been the subject of a number of research analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. Zacks Research upgraded Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, Neo Performance Materials has a consensus rating of “Strong Buy”.

Neo Performance Materials Trading Down 2.7%

NOPMF stock opened at $23.62 on Friday. Neo Performance Materials has a 52 week low of $11.00 and a 52 week high of $31.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.76. The company’s 50-day simple moving average is $25.36 and its 200 day simple moving average is $20.07. The company has a market capitalization of $1.09 billion and a PE ratio of -90.85.

Neo Performance Materials (OTCMKTS:NOPMF) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.15. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%.The business had revenue of $154.96 million during the quarter, compared to analyst estimates of $127.33 million. As a group, sell-side analysts anticipate that Neo Performance Materials will post 1.48 earnings per share for the current year.

About Neo Performance Materials

Neo Performance Materials Inc is a global supplier of advanced materials, specializing in the production and processing of rare earth and rare metal–based functional materials. Headquartered in Toronto, Canada, the company serves diverse high-tech markets by developing proprietary compounds and alloys that deliver key performance attributes in demanding applications. Its product portfolio includes magnetic powders, rare earth oxides and metals, phosphors, metal alloys, precious metal chemical compounds, and performance catalysts.

Neo Performance Materials operates through distinct business segments focused on Rare Earth & Magnetic Solutions, Advanced Industrial Materials, and Precious Metals & Chemicals.