Northern Technologies International Corporation (NASDAQ:NTIC) Short Interest Update

Northern Technologies International Corporation (NASDAQ:NTIC) was the target of a significant drop in short interest in the month of 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 company’s stock are short sold. Based on an average daily volume of 42,087 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 42,087 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC boosted its holdings in Northern Technologies International by 28.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 86,932 shares of the specialty chemicals company’s stock valued at $670,000 after purchasing an additional 19,177 shares in the last quarter. Peapod Lane Capital LLC raised its stake in Northern Technologies International by 32.0% during the third quarter. Peapod Lane Capital LLC now owns 86,634 shares of the specialty chemicals company’s stock worth $668,000 after acquiring an additional 21,023 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Northern Technologies International by 274.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 65,581 shares of the specialty chemicals company’s stock valued at $506,000 after acquiring an additional 48,047 shares during the period. RBF Capital LLC lifted its holdings in shares of 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 valued at $477,000 after acquiring an additional 40,000 shares during the period. Finally, Citadel Advisors LLC grew its holdings in shares of Northern Technologies International by 35.1% in the 3rd quarter. Citadel Advisors LLC now owns 59,085 shares of the specialty chemicals company’s stock worth $456,000 after purchasing an additional 15,351 shares during the last quarter. Institutional investors own 32.88% of the company’s stock.

Northern Technologies International Stock Performance

NTIC traded up $0.05 on Tuesday, hitting $7.55. 46,684 shares of the stock traded hands, compared to its average volume of 30,691. The business has a fifty day moving average price of $7.66 and a two-hundred day moving average price of $7.71. The company has a current ratio of 1.86, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $71.57 million, a PE ratio of -754.25 and a beta of 0.19. Northern Technologies International has a 52 week low of $6.75 and a 52 week high of $13.94.

Northern Technologies International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, October 29th. Northern Technologies International’s payout ratio is -400.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Zacks Research cut shares of Northern Technologies International from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Wall Street Zen raised Northern Technologies International from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Northern Technologies International in a report on Monday. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, Northern Technologies International presently has a consensus rating of “Sell”.

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.