IMCD (OTCMKTS:IMCDY) Stock Short Interest Report for October

IMCD (OTCMKTS:IMCDY) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 1,389 shares, an increase of 481.2% from the September 30th total of 239 shares. Based on an average trading volume of 17,776 shares, the short-interest ratio is currently 0.1 days.

IMCD Trading Down 0.9%

Shares of IMCD stock opened at $55.95 on Tuesday. The stock has a 50-day simple moving average of $55.83 and a 200-day simple moving average of $51.71. IMCD has a 52-week low of $39.76 and a 52-week high of $61.56.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated 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 report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, IMCD presently has a consensus rating of “Hold”.

About IMCD

IMCD N.V. is a global distributor and formulator of specialty chemicals and food and pharmaceutical ingredients. The company connects manufacturers with customers across a range of industries, including coatings and construction, personal care, pharmaceuticals, food and nutrition, lubricants, advanced materials, and industrial solutions.

In addition to distributing products, IMCD provides technical support, application development, formulation assistance, regulatory guidance, and supply-chain services.