IMCD (OTCMKTS:IMCDY) Short Interest Down 90.1% in July

IMCD (OTCMKTS:IMCDY) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 255 shares, a drop of 90.1% from the June 30th total of 2,563 shares. Based on an average trading volume of 21,649 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded shares of IMCD to a “buy” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, IMCD currently has an average rating of “Hold” and a consensus price target of $72.50.

IMCD Stock Performance

OTCMKTS IMCDY traded down $0.83 on Friday, hitting $49.84. 24,311 shares of the company’s stock were exchanged, compared to its average volume of 66,865. The firm’s 50-day moving average price is $49.93 and its two-hundred day moving average price is $49.71. IMCD has a fifty-two week low of $39.76 and a fifty-two week high of $67.23.

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.