Darling Ingredients Inc (NYSE:DAR) Short Interest Update

Darling Ingredients Inc (NYSE:DAR) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 4,230,000 shares, a decline of 10.9% from the January 15th total of 4,750,000 shares. Based on an average daily trading volume, of 1,020,000 shares, the short-interest ratio is presently 4.1 days. Currently, 2.6% of the shares of the company are sold short.

NYSE DAR traded up $0.17 on Wednesday, hitting $28.50. The company had a trading volume of 38,080 shares, compared to its average volume of 2,769,788. The company has a market capitalization of $4.67 billion, a PE ratio of 43.40 and a beta of 1.29. The company’s fifty day moving average price is $28.56 and its 200-day moving average price is $23.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.43 and a quick ratio of 0.84. Darling Ingredients has a 12-month low of $18.20 and a 12-month high of $29.57.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Darling Ingredients from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $25.00 to $29.00 in a research note on Wednesday, January 15th. Zacks Investment Research upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, January 7th. Robert W. Baird lifted their price objective on shares of Darling Ingredients from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Finally, ValuEngine downgraded shares of Darling Ingredients from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 4th.

Several institutional investors have recently added to or reduced their stakes in DAR. Allworth Financial LP purchased a new stake in Darling Ingredients in the 4th quarter valued at about $28,000. Evoke Wealth LLC acquired a new position in Darling Ingredients in the 3rd quarter worth about $31,000. Great Diamond Partners LLC acquired a new position in Darling Ingredients in the 4th quarter worth about $33,000. Chevy Chase Trust Holdings Inc. acquired a new position in Darling Ingredients in the 4th quarter worth about $65,000. Finally, Quest Capital Management Inc. ADV acquired a new position in Darling Ingredients in the 3rd quarter worth about $88,000. 99.35% of the stock is owned by institutional investors and hedge funds.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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