The Dow Chemical Company Short Interest Down 16.9% in April (DOW)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.