Croda International Plc (OTCMKTS:COIHY) Sees Significant Drop in Short Interest

Croda International Plc (OTCMKTS:COIHY) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 77,100 shares, a decrease of 52.5% from the February 28th total of 162,200 shares. Based on an average trading volume of 55,700 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Croda International to a “strong-buy” rating in a research note on Wednesday, February 12th.

Croda International Trading Up 2.1 %

Shares of COIHY traded up $0.40 during mid-day trading on Friday, reaching $19.13. The stock had a trading volume of 21,952 shares, compared to its average volume of 83,681. The business has a fifty day moving average of $20.26 and a 200 day moving average of $22.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.67 and a current ratio of 2.72. Croda International has a 12 month low of $18.56 and a 12 month high of $31.95.

Croda International Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, April 11th will be paid a $0.407 dividend. The ex-dividend date is Friday, April 11th. This is a positive change from Croda International’s previous dividend of $0.26.

About Croda International

Croda International Plc engages in the consumer care, life science, and industrial specialty businesses in in Europe, the Middle East, Africa, North America, Asia, and Latin America. The company offers speciality and active ingredients across beauty care, beauty actives, and home care products, as well as fragrances and flavours.