The Dow Chemical Company Short Interest Up 24.9% in July (DOW)
Shares of The Dow Chemical Company (NYSE:DOW) were the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 17,740,157 shares, a growth of 24.9% from the July 15th total of 14,205,577 shares, Analyst Ratings Network reports. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 7,300,667 shares, the short-interest ratio is presently 2.4 days.
In other The Dow Chemical Company news, VP Fernando Ruiz sold 35,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $52.00, for a total value of $1,820,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on DOW. Analysts at Zacks reiterated a “neutral” rating on shares of The Dow Chemical Company in a research note on Monday, July 28th. They now have a $56.00 price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of The Dow Chemical Company in a research note on Thursday, July 24th. They now have a $60.00 price target on the stock, up previously from $56.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Dow Chemical Company in a research note on Thursday, July 24th. They now have a $57.00 price target on the stock, up previously from $54.00. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $54.64.
The Dow Chemical Company (NYSE:DOW) opened at 52.13 on Friday. The Dow Chemical Company has a 52 week low of $36.51 and a 52 week high of $54.28. The stock has a 50-day moving average of $51.95 and a 200-day moving average of $49.82. The company has a market cap of $61.456 billion and a P/E ratio of 18.51.
The Dow Chemical Company (NYSE:DOW) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.02. The company had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $14.82 billion. During the same quarter last year, the company posted $0.64 earnings per share. The Dow Chemical Company’s revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that The Dow Chemical Company will post $2.96 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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