DuPont de Nemours, Inc. (NYSE:DD) Sees Large Increase in Short Interest

DuPont de Nemours, Inc. (NYSE:DD) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 4,280,000 shares, an increase of 12.0% from the August 31st total of 3,820,000 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,060,000 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analyst Weigh In

DD has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Citigroup cut their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Finally, Royal Bank of Canada upped their target price on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $95.00.

DuPont de Nemours Trading Up 0.4 %

Shares of NYSE DD traded up $0.35 during midday trading on Friday, hitting $89.54. 2,581,517 shares of the company traded hands, compared to its average volume of 2,613,090. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The stock has a 50-day moving average price of $81.35 and a 200 day moving average price of $79.18. The firm has a market cap of $37.44 billion, a P/E ratio of 109.20, a P/E/G ratio of 2.23 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company posted $0.85 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, analysts expect that DuPont de Nemours will post 3.74 earnings per share for the current year.

Institutional Trading of DuPont de Nemours

Several institutional investors and hedge funds have recently modified their holdings of DD. TD Asset Management Inc increased its holdings in DuPont de Nemours by 16.4% in the 4th quarter. TD Asset Management Inc now owns 186,804 shares of the basic materials company’s stock valued at $14,371,000 after acquiring an additional 26,343 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of DuPont de Nemours by 5.9% in the 4th quarter. Stifel Financial Corp now owns 272,830 shares of the basic materials company’s stock worth $20,989,000 after buying an additional 15,135 shares during the last quarter. Focus Financial Network Inc. ADV bought a new stake in shares of DuPont de Nemours in the 4th quarter worth about $318,000. Dorsey & Whitney Trust CO LLC increased its holdings in shares of DuPont de Nemours by 24.9% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 3,425 shares of the basic materials company’s stock worth $263,000 after buying an additional 683 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of DuPont de Nemours by 30.1% during the 4th quarter. Bank of Nova Scotia now owns 57,300 shares of the basic materials company’s stock worth $4,408,000 after purchasing an additional 13,267 shares during the period. 73.96% of the stock is currently owned by institutional investors.

About DuPont de Nemours

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.