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Shares of The Dow Chemical Company (NYSE:DOW) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 22,818,719 shares, a decrease of 16.9% from the March 31st total of 27,460,639 shares, Analyst Ratings Net reports. Based on an average daily volume of 7,608,264 shares, the short-interest ratio is currently 3.0 days. Approximately 1.9% of the company’s stock are sold short.

DOW has been the subject of a number of recent research reports. Analysts at Susquehanna raised their price target on shares of The Dow Chemical Company from $47.00 to $57.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Argus raised their price target on shares of The Dow Chemical Company from $51.00 to $56.00 in a research note on Tuesday, April 29th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of The Dow Chemical Company from $50.00 to $54.00 in a research note on Thursday, April 24th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The Dow Chemical Company has an average rating of “Hold” and an average target price of $53.27.

The Dow Chemical Company (NYSE:DOW) opened at 49.21 on Friday. The Dow Chemical Company has a 52-week low of $31.65 and a 52-week high of $50.96. The stock’s 50-day moving average is $48.8 and its 200-day moving average is $44.81. The company has a market cap of $58.589 billion and a P/E ratio of 12.44.

The Dow Chemical Company (NYSE:DOW) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.08. The company had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $14.72 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts predict that The Dow Chemical Company will post $2.98 earnings per share for the current fiscal year.

The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.

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