Short Interest in IMCD (OTCMKTS:IMCDY) Increases By 30,505.9%

IMCD (OTCMKTS:IMCDY) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 78,045 shares, an increase of 30,505.9% from the July 15th total of 255 shares. Based on an average daily volume of 110,768 shares, the days-to-cover ratio is presently 0.7 days.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IMCDY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IMCD in a research note on Thursday, July 30th. UBS Group raised shares of IMCD to a “buy” rating in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, IMCD currently has an average rating of “Moderate Buy” and an average target price of $72.50.

IMCD Price Performance

Shares of IMCDY opened at $56.48 on Wednesday. IMCD has a 52-week low of $39.76 and a 52-week high of $61.56. The stock’s 50-day simple moving average is $50.50 and its 200 day simple moving average is $50.60.

IMCD Company Profile

IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific. The company provides adhesives, core materials, filler reinforcements, flame retardants, masterbatch, modifiers, operating materials, pigments, plasticizers, processing aids, PUR raw materials, rubber elastomers, solvents, stabilizers, thermoplastic elastomers, thermoplastics, thermoplastics, and other additives.