E I Du Pont De Nemours And Short Interest Down 21.3% in April (DD)
Shares of E I Du Pont De Nemours And (NYSE:DD) were the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totalling 20,793,269 shares, a decline of 21.3% from the April 15th total of 26,414,739 shares, AnalystRatingsNetwork.com reports. Approximately 2.3% of the company’s stock are short sold. Based on an average trading volume of 3,606,081 shares, the days-to-cover ratio is currently 5.8 days.
DD has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of E I Du Pont De Nemours And in a research note on Wednesday, April 23rd. They now have a $71.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of E I Du Pont De Nemours And in a research note on Tuesday, April 22nd. They now have a $76.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of E I Du Pont De Nemours And from $72.00 to $76.00 in a research note on Tuesday, April 22nd. They now have a “buy” rating on the stock. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. E I Du Pont De Nemours And has a consensus rating of “Hold” and an average price target of $67.90.
E I Du Pont De Nemours And (NYSE:DD) opened at 67.51 on Friday. E I Du Pont De Nemours And has a 52-week low of $52.02 and a 52-week high of $68.82. The stock has a 50-day moving average of $67.22 and a 200-day moving average of $64.38. The company has a market cap of $61.998 billion and a price-to-earnings ratio of 21.41.
E I Du Pont De Nemours And (NYSE:DD) last released its earnings data on Thursday, April 17th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by $0.01. The company had revenue of $10.10 billion for the quarter, compared to the consensus estimate of $10.45 billion. During the same quarter in the previous year, the company posted $1.56 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts predict that E I Du Pont De Nemours And will post $4.30 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Tuesday, May 13th.
Dupont E I De Nemours & Co, formerly E. I. du Pont de Nemours and Company, manufacturing, seed production or selling activities and some are distributors of products manufactured by the Company.
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