DuPont de Nemours, Inc. (NYSE:DD) Short Interest Up 12.0% in September

DuPont de Nemours, Inc. (NYSE:DD) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 4,280,000 shares, a growth of 12.0% from the August 31st total of 3,820,000 shares. Based on an average trading volume of 2,060,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.0% of the shares of the stock are short sold.

DuPont de Nemours Trading Down 1.3 %

DD traded down $1.19 during trading on Tuesday, hitting $87.92. The company’s stock had a trading volume of 2,083,195 shares, compared to its average volume of 2,608,136. The firm’s 50 day moving average price is $81.68 and its 200-day moving average price is $79.39. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The stock has a market cap of $36.76 billion, a PE ratio of 107.22, a PEG ratio of 2.23 and a beta of 1.33. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. On average, analysts expect that DuPont de Nemours will post 3.74 earnings per share for the current year.

Institutional Trading of DuPont de Nemours

Several large investors have recently added to or reduced their stakes in DD. Palisade Asset Management LLC acquired a new stake in DuPont de Nemours in the 1st quarter valued at $25,000. ESL Trust Services LLC acquired a new stake in DuPont de Nemours in the 1st quarter valued at $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours in the 2nd quarter valued at $27,000. LifeSteps Financial Inc. acquired a new stake in DuPont de Nemours in the 1st quarter valued at $28,000. Finally, Denver PWM LLC purchased a new position in DuPont de Nemours in the 2nd quarter valued at about $28,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on DD. Royal Bank of Canada boosted their price target on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Citigroup reduced their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

About DuPont de Nemours

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.