Nutrien Ltd. (NYSE:NTR) Short Interest Update

Nutrien Ltd. (NYSE:NTR) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 6,216,324 shares, a decline of 25.4% from the January 15th total of 8,335,894 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 2,803,888 shares, the days-to-cover ratio is presently 2.2 days. Based on an average daily trading volume, of 2,803,888 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Nutrien

Hedge funds and other institutional investors have recently bought and sold shares of the company. Montag A & Associates Inc. boosted its holdings in shares of Nutrien by 310.7% in the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 320 shares during the last quarter. Sfam LLC bought a new stake in Nutrien during the fourth quarter worth $37,000. Root Financial Partners LLC acquired a new stake in Nutrien in the third quarter valued at $37,000. Huntington National Bank grew its position in shares of Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 276 shares during the period. Finally, Eastern Bank grew its position in shares of Nutrien by 133.0% in the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after acquiring an additional 399 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analysts Set New Price Targets

NTR has been the subject of a number of analyst reports. Oppenheimer restated an “outperform” rating on shares of Nutrien in a report on Tuesday, January 27th. UBS Group boosted their price target on shares of Nutrien from $58.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Royal Bank Of Canada raised their price objective on Nutrien from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Mizuho lifted their target price on Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Finally, Morgan Stanley raised Nutrien from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $70.00 to $77.00 in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $66.31.

Nutrien Stock Up 0.6%

NYSE NTR traded up $0.40 on Friday, reaching $70.83. The company had a trading volume of 1,904,449 shares, compared to its average volume of 2,836,908. The company’s fifty day moving average is $65.16 and its 200-day moving average is $60.26. The firm has a market capitalization of $34.10 billion, a price-to-earnings ratio of 19.09 and a beta of 0.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 1.41. Nutrien has a 1-year low of $45.78 and a 1-year high of $73.55.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.