Short Interest in Croda International PLC Unsponsored ADR (OTCMKTS:COIHY) Drops By 99.0%

Key Points

• Short interest in Croda International PLC Unsponsored ADR plummeted by 99.0%, falling from 30,100 shares to only 300 shares as of September 30th.
• The stock has recently shown fluctuations, trading up to $19.27 while hitting a twelve-month low of $16.26 and high of $25.03.
• Croda International announced a dividend payment of $0.2558 on October 22nd, yielding an impressive 361.0%.

Croda International PLC Unsponsored ADR (OTCMKTS:COIHY - Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 300 shares, a decrease of 99.0% from the September 15th total of 30,100 shares. Based on an average trading volume of 76,900 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 76,900 shares, the short-interest ratio is currently 0.0 days.

Croda International Stock Performance

Shares of COIHY traded up $1.55 during trading on Thursday, reaching $19.27. 381,888 shares of the company traded hands, compared to its average volume of 67,740. Croda International has a twelve month low of $16.26 and a twelve month high of $25.03. The stock has a 50-day simple moving average of $17.53 and a 200-day simple moving average of $18.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 1.19.

Croda International Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, October 22nd. Investors of record on Monday, September 1st will be issued a $0.2558 dividend. The ex-dividend date is Friday, August 29th. This represents a dividend yield of 361.0%.

Analysts Set New Price Targets

A number of analysts recently issued reports on COIHY shares. Kepler Capital Markets raised shares of Croda International to a "strong sell" rating in a report on Monday, June 30th. Barclays raised shares of Croda International from a "hold" rating to a "strong-buy" rating in a report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Croda International Company Profile

Croda International Plc engages in the consumer care, life science, and industrial specialty businesses in in Europe, the Middle East, Africa, North America, Asia, and Latin America. The company offers speciality and active ingredients across beauty care, beauty actives, and home care products, as well as fragrances and flavours.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.