Elementis (OTCMKTS:ELMTY) Sees Significant Increase in Short Interest

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 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. Currently, 0.0% of the company's stock are short sold. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 2.5 days. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.0% of the company's stock are short sold.

Elementis Stock Performance

Shares of OTCMKTS:ELMTY remained flat at $8.90 on Friday. The company has a 50-day simple moving average of $9.18 and a two-hundred day simple moving average of $7.98. Elementis has a 1 year low of $8.61 and a 1 year high of $10.65. The company has a quick ratio of 1.48, a current ratio of 2.64 and a debt-to-equity ratio of 0.29.

Elementis Cuts Dividend

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

Elementis Company Profile

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.