Wacker Chemie AG (OTCMKTS:WKCMF) Stock Short Interest Drops 35.6%

Wacker Chemie AG (OTCMKTS:WKCMF) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 37,486 shares, a decline of 35.6% from the August 31st total of 58,250 shares. Based on an average trading volume of 149 shares, the short-interest ratio is currently 251.6 days.

Wacker Chemie Price Performance

WKCMF stock opened at $98.65 on Friday. The business’s 50-day moving average is $104.27 and its two-hundred day moving average is $106.10. Wacker Chemie has a fifty-two week low of $73.13 and a fifty-two week high of $122.41.

Analyst Ratings Changes

Separately, Citigroup lowered Wacker Chemie from a “hold” rating to a “sell” rating in a report on Friday, June 5th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

About Wacker Chemie

Wacker Chemie AG is a Germany-based chemical company that develops and manufactures specialty chemicals and materials for industrial, construction, consumer and high-technology applications. Headquartered in Munich, the company serves customers worldwide through production facilities, sales offices and technical centers in Europe, the Americas and Asia.

Its portfolio includes silicones such as fluids, emulsions, elastomers and sealants; polymer products including dispersions and dispersible polymer powders used in construction materials, coatings and adhesives; and polysilicon for solar cells and semiconductor applications.