IMCD (OTCMKTS:IMCDY) Short Interest Down 85.7% in August

IMCD (OTCMKTS:IMCDY) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 11,155 shares, a drop of 85.7% from the July 30th total of 78,045 shares. Based on an average daily trading volume, of 120,767 shares, the days-to-cover ratio is presently 0.1 days.

IMCD Trading Up 1.5%

Shares of OTCMKTS IMCDY traded up $0.81 during midday trading on Wednesday, hitting $56.52. The company’s stock had a trading volume of 420 shares, compared to its average volume of 66,447. IMCD has a 1-year low of $39.76 and a 1-year high of $61.56. The firm’s fifty day moving average price is $51.52 and its 200-day moving average price is $51.24.

Analysts Set New Price Targets

IMCDY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, IMCD currently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

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.