Innospec Inc. (NASDAQ:IOSP) Short Interest Down 17.2% in January

Innospec Inc. (NASDAQ:IOSP) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 297,899 shares, a decrease of 17.2% from the January 15th total of 359,671 shares. Based on an average daily trading volume, of 120,554 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.2% of the company’s stock are short sold. Currently, 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 120,554 shares, the days-to-cover ratio is currently 2.5 days.

Innospec Price Performance

Shares of NASDAQ:IOSP traded down $0.30 on Monday, hitting $86.58. The company’s stock had a trading volume of 197,914 shares, compared to its average volume of 151,895. The company has a market capitalization of $2.15 billion, a PE ratio of -2,886.00 and a beta of 0.91. The company has a 50-day simple moving average of $80.42 and a 200 day simple moving average of $79.12. Innospec has a 1 year low of $70.10 and a 1 year high of $112.74.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of Innospec from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Wall Street Zen upgraded shares of Innospec from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Innospec in a research note on Monday, December 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Institutional Investors Weigh In On Innospec

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in Innospec by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 719,598 shares of the specialty chemicals company’s stock valued at $60,517,000 after acquiring an additional 14,463 shares during the period. Westwood Holdings Group Inc. grew its holdings in Innospec by 7.8% in the second quarter. Westwood Holdings Group Inc. now owns 412,310 shares of the specialty chemicals company’s stock worth $34,671,000 after purchasing an additional 29,900 shares during the period. Entropy Technologies LP bought a new position in shares of Innospec during the second quarter valued at approximately $873,000. Squarepoint Ops LLC purchased a new position in shares of Innospec during the second quarter valued at approximately $650,000. Finally, AlphaQuest LLC lifted its holdings in shares of Innospec by 56.8% during the third quarter. AlphaQuest LLC now owns 45,174 shares of the specialty chemicals company’s stock valued at $3,486,000 after purchasing an additional 16,360 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.

Innospec Company Profile

Innospec Incorporated (NASDAQ: IOSP) is a global specialty chemicals company headquartered in Cleveland, Ohio. The company operates through three principal business segments: Fuel Specialties, Oilfield Services, and Performance Chemicals. In the Fuel Specialties segment, Innospec develops and supplies additives designed to enhance octane levels, improve combustion efficiency, reduce emissions and prevent deposit formation in gasoline and diesel engines. Its Oilfield Services division provides chemical technologies—such as surfactants, corrosion inhibitors and demulsifiers—to support exploration, drilling, production optimization and enhanced oil recovery operations.