Wacker Chemie AG (OTCMKTS:WKCMF) Stock Short Interest Declines 35.6%

Wacker Chemie AG (OTCMKTS:WKCMF) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 37,486 shares, a decrease of 35.6% from the August 31st total of 58,250 shares. Based on an average daily trading volume, of 149 shares, the days-to-cover ratio is presently 251.6 days.

Wacker Chemie Stock Performance

WKCMF opened at $98.65 on Friday. The business’s 50-day simple moving average is $104.43 and its 200-day simple moving average is $106.16. Wacker Chemie has a one year low of $73.13 and a one year high of $122.41.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut Wacker Chemie from a “hold” rating to a “sell” rating in a research report on Friday, June 5th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

About Wacker Chemie

Wacker Chemie AG is a Germany-based chemical company that develops and manufactures specialty chemicals and materials for industrial, construction, consumer and high-technology applications. Headquartered in Munich, the company serves customers worldwide through production facilities, sales offices and technical centers in Europe, the Americas and Asia.

Its portfolio includes silicones such as fluids, emulsions, elastomers and sealants; polymer products including dispersions and dispersible polymer powders used in construction materials, coatings and adhesives; and polysilicon for solar cells and semiconductor applications.