IMCD (OTCMKTS:IMCDY) Short Interest Up 30,505.9% in July

IMCD (OTCMKTS:IMCDY) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 78,045 shares, a growth of 30,505.9% from the July 15th total of 255 shares. Based on an average trading volume of 110,768 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

IMCDY has been the subject of several research analyst reports. UBS Group raised IMCD to a “buy” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IMCD in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.50.

IMCD Price Performance

Shares of IMCD stock traded down $0.34 during mid-day trading on Tuesday, hitting $56.48. 7,076 shares of the stock were exchanged, compared to its average volume of 70,837. IMCD has a twelve month low of $39.76 and a twelve month high of $61.56. The company has a 50-day simple moving average of $50.41 and a 200 day simple moving average of $50.52.

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.