IMCD (OTCMKTS:IMCDY) Short Interest Update

IMCD (OTCMKTS:IMCDY) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 5,092 shares, a growth of 74.9% from the August 31st total of 2,912 shares. Based on an average daily trading volume, of 15,758 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IMCD in a report on Thursday, July 30th. UBS Group raised IMCD to a “buy” rating in a research note on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.50.

IMCD Price Performance

OTCMKTS IMCDY traded down $0.86 during trading on Thursday, reaching $53.59. 6,705 shares of the company’s stock were exchanged, compared to its average volume of 58,501. IMCD has a fifty-two week low of $39.76 and a fifty-two week high of $61.56. The business has a 50 day moving average price of $55.40 and a 200-day moving average price of $52.60.

IMCD Company Profile

IMCD N.V. is a global distributor and formulator of specialty chemicals and food ingredients. The company connects manufacturers of chemical products and ingredients with customers across a range of industries, providing sourcing, technical support, formulation assistance and supply-chain services.

Its products serve markets including coatings and construction, advanced materials, lubricants and fuels, personal care, pharmaceuticals, food and nutrition, and home care. IMCD also operates application laboratories and technical centers that help customers develop and adapt formulations for specific applications and regulatory requirements.

Founded in Rotterdam in 1995, IMCD has expanded through organic growth and acquisitions into a global business serving customers and suppliers across Europe, the Middle East and Africa, the Americas, and the Asia-Pacific region.