E I Du Pont De Nemours And Co (DD) Short Interest Update
E I Du Pont De Nemours And Co (NYSE:DD) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 15,464,721 shares, an increase of 34.1% from the December 31st total of 11,528,879 shares, AnalystRatings.Net reports. Based on an average daily volume of 6,291,698 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.8% of the shares of the company are sold short.
DD has been the topic of a number of recent research reports. Vetr cut E I Du Pont De Nemours And from a “strong-buy” rating to a “buy” rating and set a $55.42 target price on the stock. in a research note on Tuesday, October 6th. Deutsche Bank reiterated a “buy” rating and issued a $63.00 target price (down from $66.00) on shares of E I Du Pont De Nemours And in a research note on Tuesday, October 6th. RBC Capital cut their target price on E I Du Pont De Nemours And from $58.00 to $52.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 target price (down from $57.00) on shares of E I Du Pont De Nemours And in a research note on Tuesday, October 6th. Finally, Susquehanna raised their target price on E I Du Pont De Nemours And from $65.00 to $70.00 and gave the company a “positive” rating in a research note on Friday, October 23rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. E I Du Pont De Nemours And presently has a consensus rating of “Hold” and a consensus price target of $66.47.
E I Du Pont De Nemours And (NYSE:DD) opened at 53.30 on Tuesday. E I Du Pont De Nemours And has a 52 week low of $47.11 and a 52 week high of $76.59. The company has a 50-day moving average price of $60.24 and a 200-day moving average price of $58.08. The stock has a market cap of $46.44 billion and a PE ratio of 24.66.
E I Du Pont De Nemours And (NYSE:DD) last announced its quarterly earnings results on Tuesday, January 26th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. During the same quarter last year, the company earned $0.57 earnings per share. The company earned $5.30 billion during the quarter, compared to the consensus estimate of $5.53 billion. The business’s revenue was down 9.4% on a year-over-year basis. Analysts anticipate that E I Du Pont De Nemours And will post $3.03 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 14th. Shareholders of record on Friday, February 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Wednesday, February 10th.
E. I. du Pont de Nemours and Company (NYSE:DD) is a science and technology-based company. The Company’s subsidiaries and affiliates conduct manufacturing, seed production or selling activities and distribute products manufactured by the Company. The Company’s segments include Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. The Company’s other business operations include various embryonic businesses, such as pre-commercial programs and non-aligned businesses. DuPont conducts research and development (R&D) programs across multiple fields, including biology, chemistry, engineering and materials science. The Company’s brands include Pioneer, DuPont Teflon, Capstone, Opteon yf, Isceon, Suva, Vazo, Vertrel, Virkon, Viton, Zyron and Bynel coextrudable adhesive resins, Elvax EVA resins, DuPont Kevlar, Nomex and Tyvek.

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