DuPont de Nemours, Inc. (NYSE:DD) Sees Significant Increase in Short Interest

DuPont de Nemours, Inc. (NYSE:DDGet Rating) was the recipient of a large increase in short interest in December. As of December 30th, there was short interest totalling 20,590,000 shares, an increase of 8.9% from the December 15th total of 18,910,000 shares. Currently, 4.2% of the company’s stock are short sold. Based on an average daily volume of 3,020,000 shares, the days-to-cover ratio is presently 6.8 days.

Analysts Set New Price Targets

A number of brokerages have weighed in on DD. Mizuho boosted their target price on shares of DuPont de Nemours from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, January 12th. Bank of America decreased their target price on shares of DuPont de Nemours from $77.00 to $73.00 in a research note on Tuesday, October 11th. KeyCorp reduced their price objective on DuPont de Nemours from $82.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, October 4th. Credit Suisse Group upped their price objective on DuPont de Nemours from $64.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 9th. Finally, BMO Capital Markets upped their price objective on DuPont de Nemours from $80.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 9th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.79.

Hedge Funds Weigh In On DuPont de Nemours

Several large investors have recently modified their holdings of DD. Canton Hathaway LLC bought a new position in DuPont de Nemours in the 4th quarter valued at $25,000. Boyd Watterson Asset Management LLC OH bought a new position in DuPont de Nemours in the 4th quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC bought a new position in DuPont de Nemours in the 2nd quarter valued at $27,000. Baystate Wealth Management LLC grew its position in DuPont de Nemours by 282.8% in the 4th quarter. Baystate Wealth Management LLC now owns 513 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 379 shares during the last quarter. Finally, Fiduciary Alliance LLC purchased a new stake in shares of DuPont de Nemours in the 4th quarter worth $37,000. Institutional investors own 71.91% of the company’s stock.

DuPont de Nemours Trading Down 1.6 %

Shares of NYSE DD traded down $1.19 during trading hours on Tuesday, hitting $74.11. 1,532,250 shares of the company traded hands, compared to its average volume of 3,045,063. The stock has a market capitalization of $36.82 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 3.59 and a beta of 1.43. The company has a current ratio of 2.39, a quick ratio of 1.99 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average price is $70.62 and its 200 day moving average price is $61.91. DuPont de Nemours has a 12 month low of $49.52 and a 12 month high of $84.08.

DuPont de Nemours (NYSE:DDGet Rating) last released its earnings results on Tuesday, November 8th. The basic materials company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.95% and a net margin of 13.02%. The company’s revenue for the quarter was down 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS. On average, equities research analysts anticipate that DuPont de Nemours will post 3.31 earnings per share for the current fiscal year.

DuPont de Nemours Company Profile

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DuPont de Nemours, Inc operates as a holding company engaged in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial, Water & Protection, and Mobility & Materials. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.

Further Reading

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