Wacker Chemie AG (OTCMKTS:WKCMF) Short Interest Update

Wacker Chemie AG (OTCMKTS:WKCMF) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 117,451 shares, a decline of 44.0% from the April 30th total of 209,560 shares. Based on an average trading volume of 183 shares, the days-to-cover ratio is presently 641.8 days.

Analyst Ratings Changes

Several brokerages have recently weighed in on WKCMF. UBS Group cut Wacker Chemie from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wacker Chemie in a research note on Thursday, April 9th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Wacker Chemie has an average rating of “Reduce”.

Wacker Chemie Stock Performance

Shares of WKCMF remained flat at $115.00 during trading hours on Tuesday. Wacker Chemie has a 1 year low of $70.50 and a 1 year high of $121.00. The company’s 50-day moving average is $106.61 and its two-hundred day moving average is $92.26.

Wacker Chemie Company Profile

Wacker Chemie AG is a German chemical company founded in 1914 and headquartered in Munich. As a publicly traded entity, the company develops, produces and markets a wide range of chemical and biochemical products for industrial applications. With a global footprint that spans Europe, the Americas and Asia, Wacker Chemie serves customers in sectors such as construction, automotive, electronics, pharmaceuticals and renewable energy.

The company’s portfolio is structured around four core business divisions.