Northern Technologies International Corporation (NASDAQ:NTIC) Short Interest Down 28.6% in December

Northern Technologies International Corporation (NASDAQ:NTIC) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 18,438 shares, a drop of 28.6% from the November 30th total of 25,821 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 42,087 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 42,087 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NTIC. Zacks Research lowered Northern Technologies International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Wall Street Zen upgraded Northern Technologies International from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Northern Technologies International in a research note on Monday, December 22nd. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Northern Technologies International Stock Down 0.9%

NTIC traded down $0.07 during trading hours on Monday, hitting $7.50. 54,999 shares of the company’s stock were exchanged, compared to its average volume of 30,626. The stock has a market cap of $71.10 million, a price-to-earnings ratio of -749.25 and a beta of 0.19. The stock’s 50-day moving average is $7.66 and its two-hundred day moving average is $7.71. The company has a quick ratio of 1.21, a current ratio of 1.86 and a debt-to-equity ratio of 0.01. Northern Technologies International has a 1-year low of $6.75 and a 1-year high of $13.94.

Northern Technologies International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, October 29th. Northern Technologies International’s dividend payout ratio (DPR) is -400.00%.

Hedge Funds Weigh In On Northern Technologies International

A number of institutional investors have recently bought and sold shares of the business. Peapod Lane Capital LLC acquired a new stake in shares of Northern Technologies International in the second quarter valued at approximately $486,000. Arrowstreet Capital Limited Partnership grew its stake in Northern Technologies International by 274.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 65,581 shares of the specialty chemicals company’s stock valued at $506,000 after buying an additional 48,047 shares during the last quarter. RBF Capital LLC lifted its position in Northern Technologies International by 164.0% during the second quarter. RBF Capital LLC now owns 64,390 shares of the specialty chemicals company’s stock worth $477,000 after acquiring an additional 40,000 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Northern Technologies International during the second quarter worth approximately $254,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Northern Technologies International during the third quarter worth approximately $214,000. Institutional investors and hedge funds own 32.88% of the company’s stock.

About Northern Technologies International

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.