Northern Technologies International Corporation (NASDAQ:NTIC) Sees Large Increase in Short Interest

Northern Technologies International Corporation (NASDAQ:NTIC) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 25,012 shares, an increase of 20.4% from the December 31st total of 20,775 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 27,276 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 27,276 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of Northern Technologies International

A number of hedge funds have recently bought and sold shares of NTIC. Osaic Holdings Inc. increased its holdings in shares of Northern Technologies International by 1,124.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 3,215 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Northern Technologies International during the second quarter worth about $88,000. Arrowstreet Capital Limited Partnership bought a new position in Northern Technologies International during the second quarter valued at about $130,000. Squarepoint Ops LLC raised its holdings in Northern Technologies International by 57.5% in the 3rd quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock valued at $177,000 after acquiring an additional 8,401 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Northern Technologies International by 20.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 24,000 shares of the specialty chemicals company’s stock worth $178,000 after purchasing an additional 4,000 shares in the last quarter. 32.88% of the stock is owned by institutional investors.

Northern Technologies International Stock Performance

Shares of NTIC stock traded down $0.14 during trading on Wednesday, reaching $8.88. The company had a trading volume of 1,548 shares, compared to its average volume of 15,309. The firm’s 50 day simple moving average is $8.26 and its two-hundred day simple moving average is $7.90. Northern Technologies International has a one year low of $6.75 and a one year high of $12.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.13. The company has a market capitalization of $84.27 million, a PE ratio of -222.00 and a beta of 0.21.

Northern Technologies International (NASDAQ:NTIC) last released its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $23.31 million during the quarter, compared to the consensus estimate of $22.10 million. Northern Technologies International had a negative net margin of 0.35% and a negative return on equity of 0.44%. Sell-side analysts forecast that Northern Technologies International will post 0.56 earnings per share for the current year.

Northern Technologies International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, January 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Northern Technologies International’s dividend payout ratio (DPR) is presently -100.00%.

Analyst Ratings Changes

NTIC has been the subject of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Northern Technologies International in a research report on Monday, December 29th. Zacks Research raised shares of Northern Technologies International from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Wall Street Zen raised shares of Northern Technologies International to a “hold” rating in a research note on Saturday, January 10th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Northern Technologies International Company Profile

Northern Technologies International Corporation (NASDAQ: NTIC) is a Minnesota‐based specialty chemical company that develops, manufactures and markets environmentally responsible corrosion prevention and metal surface treatment products. The company’s solutions include volatile corrosion inhibitor (VCI) films, emitters, powders and liquids designed to protect ferrous and non‐ferrous metals in industrial, aerospace, defense, electronics and automotive applications. In addition, NTIC offers packaging materials, engineered coatings and specialty pretreatment chemicals that meet stringent environmental regulations while extending equipment life and reducing maintenance costs.

NTIC serves a diversified global customer base, including metal fabricators, automotive suppliers, electronics manufacturers and oil and gas producers.