The Dow Chemical Company Short Interest Down 26.1% in June (DOW)
The Dow Chemical Company (NYSE:DOW) saw a significant decrease in short interest in the month of June. As of June 13th, there was short interest totalling 19,193,522 shares, a decrease of 26.1% from the May 30th total of 25,975,481 shares, Analyst RN reports. Currently, 1.6% of the shares of the company are short sold. Based on an average trading volume of 6,437,933 shares, the days-to-cover ratio is currently 3.0 days.
A number of research firms have recently commented on DOW. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Dow Chemical Company in a research note on Tuesday, June 17th. They now have a $48.00 price target on the stock, up previously from $45.00. Separately, analysts at Wells Fargo & Co. upgraded shares of The Dow Chemical Company from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 20th. Finally, 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, May 8th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The Dow Chemical Company presently has an average rating of “Hold” and a consensus price target of $52.45.
Shares of The Dow Chemical Company (NYSE:DOW) opened at 51.23 on Tuesday. The Dow Chemical Company has a one year low of $33.48 and a one year high of $53.35. The stock has a 50-day moving average of $51.88 and a 200-day moving average of $48.33. The company has a market cap of $60.994 billion and a P/E ratio of 13.07.
The Dow Chemical Company (NYSE:DOW) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.79 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.69 earnings per share. The Dow Chemical Company’s revenue was up .5% compared to the same quarter last year. Analysts expect that The Dow Chemical Company will post $2.95 EPS 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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