IMCD (OTCMKTS:IMCDY) Stock Short Interest Report for September

IMCD (OTCMKTS:IMCDY) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 239 shares, a drop of 95.3% from the September 15th total of 5,092 shares. Based on an average daily trading volume, of 12,222 shares, the short-interest ratio is presently 0.0 days.

IMCD Trading Up 1.9%

Shares of IMCD stock traded up $1.04 during trading on Friday, hitting $56.42. 2,218 shares of the company were exchanged, compared to its average volume of 57,293. IMCD has a fifty-two week low of $39.76 and a fifty-two week high of $61.56. The firm has a 50 day moving average price of $55.77 and a 200 day moving average price of $53.23.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on IMCDY shares. UBS Group upgraded shares of IMCD to a “buy” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IMCD in a report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.50.

IMCD Company Profile

IMCD N.V. is a global distributor and formulator of specialty chemicals and food ingredients. The company connects manufacturers of chemical products and ingredients with customers across a range of industries, providing sourcing, technical support, formulation assistance and supply-chain services.

Its products serve markets including coatings and construction, advanced materials, lubricants and fuels, personal care, pharmaceuticals, food and nutrition, and home care. IMCD also operates application laboratories and technical centers that help customers develop and adapt formulations for specific applications and regulatory requirements.

Founded in Rotterdam in 1995, IMCD has expanded through organic growth and acquisitions into a global business serving customers and suppliers across Europe, the Middle East and Africa, the Americas, and the Asia-Pacific region.