Short Interest in Venator Materials PLC (VNTR) Increases By 40.9%
Venator Materials PLC (NASDAQ:VNTR) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,242,285 shares, an increase of 40.9% from the October 13th total of 881,884 shares. Currently, 4.8% of the company’s shares are short sold. Based on an average daily trading volume, of 669,153 shares, the days-to-cover ratio is currently 1.9 days.
Venator Materials PLC (NASDAQ:VNTR) opened at $22.53 on Tuesday. Venator Materials PLC has a fifty-two week low of $17.85 and a fifty-two week high of $26.90.
Venator Materials PLC (NASDAQ:VNTR) last posted its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.25. The firm had revenue of $582.00 million for the quarter, compared to the consensus estimate of $568.31 million. Venator Materials PLC had a net margin of 6.05% and a return on equity of 18.31%. Venator Materials PLC’s quarterly revenue was up 9.4% compared to the same quarter last year.
Several research firms recently issued reports on VNTR. Zacks Investment Research raised shares of Venator Materials PLC from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a research report on Tuesday, October 10th. Barclays PLC began coverage on shares of Venator Materials PLC in a research report on Monday, August 28th. They issued an “equal weight” rating and a $22.00 price target for the company. Jefferies Group LLC began coverage on shares of Venator Materials PLC in a research report on Monday, August 7th. They issued a “buy” rating and a $25.00 price target for the company. Bank of America Corporation reissued a “buy” rating and issued a $23.00 price target on shares of Venator Materials PLC in a research report on Monday, August 28th. Finally, SunTrust Banks, Inc. began coverage on shares of Venator Materials PLC in a research report on Monday, August 28th. They issued a “buy” rating and a $25.00 price target for the company. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Venator Materials PLC has a consensus rating of “Buy” and a consensus price target of $27.00.
WARNING: This piece was posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/14/short-interest-in-venator-materials-plc-vntr-increases-by-40-9.html.
Venator Materials PLC Company Profile
Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.
Receive News & Ratings for Venator Materials PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Venator Materials PLC and related companies with MarketBeat.com's FREE daily email newsletter.