Elementis (OTCMKTS:ELMTY) Short Interest Update

Key Points

• Short interest in Elementis rose by 66.7%, increasing from 300 shares to 500 shares as of August 31st, indicating increased bearish sentiment among investors.
• Elementis stock traded flat at $8.90, while its one-year high and low are noted at $10.65 and $8.61, respectively.
• The company announced a dividend of $0.0409 per share, with a significant yield of 131.0%, payable on October 14th to shareholders on record as of August 18th.

Elementis (OTCMKTS:ELMTY - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 500 shares, an increase of 66.7% from the August 15th total of 300 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.0% of the company's stock are short sold. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 2.5 days.

Elementis Price Performance

ELMTY stock remained flat at $8.90 during trading on Thursday. The company had a trading volume of 1 shares, compared to its average volume of 61. The business's fifty day simple moving average is $9.18 and its 200 day simple moving average is $7.97. Elementis has a fifty-two week low of $8.61 and a fifty-two week high of $10.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.48 and a current ratio of 2.64.

Elementis Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 18th will be paid a dividend of $0.0409 per share. This represents a yield of 131.0%. The ex-dividend date of this dividend is Friday, August 15th.

About Elementis

Elementis plc operates as a specialty chemical company in the United Kingdom, rest of Europe, North America, and internationally. It operates in two segments, Performance Specialties and Personal Care. The Performance Specialties segment engages in the production of rheological modifiers and additives for decorative and industrial coatings; and production and supply of talc for use in plastics, coatings, technical ceramics, and paper sectors.