Northern Technologies International Co. (NASDAQ:NTIC) Short Interest Down 21.0% in November

Northern Technologies International Co. (NASDAQ:NTIC) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 114,300 shares, a decline of 21.0% from the October 31st total of 144,700 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 16,800 shares, the days-to-cover ratio is currently 6.8 days.

Institutional Trading of Northern Technologies International

A number of hedge funds have recently made changes to their positions in NTIC. Diamond Hill Capital Management Inc. raised its stake in Northern Technologies International by 2.2% during the second quarter. Diamond Hill Capital Management Inc. now owns 46,000 shares of the specialty chemicals company’s stock valued at $762,000 after buying an additional 1,009 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in Northern Technologies International by 13.9% during the second quarter. Dynamic Advisor Solutions LLC now owns 30,445 shares of the specialty chemicals company’s stock valued at $504,000 after buying an additional 3,721 shares in the last quarter. Stifel Financial Corp raised its stake in Northern Technologies International by 24.0% during the third quarter. Stifel Financial Corp now owns 28,444 shares of the specialty chemicals company’s stock valued at $350,000 after buying an additional 5,503 shares in the last quarter. Barclays PLC raised its stake in Northern Technologies International by 78.4% during the third quarter. Barclays PLC now owns 14,864 shares of the specialty chemicals company’s stock valued at $182,000 after buying an additional 6,533 shares in the last quarter. Finally, Rhumbline Advisers acquired a new stake in Northern Technologies International during the second quarter valued at approximately $114,000. Institutional investors and hedge funds own 32.88% of the company’s stock.

Northern Technologies International Trading Up 2.8 %

Shares of NTIC traded up $0.38 during midday trading on Friday, reaching $13.92. 6,181 shares of the company were exchanged, compared to its average volume of 31,709. The stock has a 50-day moving average price of $12.83 and a 200-day moving average price of $14.14. The company has a market cap of $131.82 million, a price-to-earnings ratio of 25.31 and a beta of 0.60. Northern Technologies International has a 1-year low of $10.08 and a 1-year high of $19.63.

Northern Technologies International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Wednesday, October 30th. Northern Technologies International’s dividend payout ratio (DPR) is currently 50.91%.

About Northern Technologies International

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.