IMCD (OTCMKTS:IMCDY) Short Interest Up 30,505.9% in July

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

IMCD Price Performance

IMCD stock traded down $0.34 during midday trading on Tuesday, reaching $56.48. The stock had a trading volume of 7,076 shares, compared to its average volume of 70,837. The stock’s 50-day simple moving average is $50.41 and its 200 day simple moving average is $50.52. IMCD has a twelve month low of $39.76 and a twelve month high of $61.56.

Analysts Set New Price Targets

Several research firms have commented on IMCDY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IMCD in a report on Thursday, July 30th. UBS Group upgraded shares of IMCD to a “buy” rating in a report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, IMCD presently has an average 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.