Shorts On Watch: Is Chemtura Corporation (NYSE:CHMT) a Buy? The Stock Reported more Sellers

November 29, 2016 - By Hazel Jackson   ·   0 Comments

Shorts On Watch: Is Chemtura Corporation (NYSE:CHMT) a Buy? The Stock Reported more Sellers

The stock of Chemtura Corporation (NYSE:CHMT) registered an increase of 0.95% in short interest. CHMT’s total short interest was 1.06 million shares in November as published by FINRA. Its up 0.95% from 1.05 million shares, reported previously. With 478,100 shares average volume, it will take short sellers 2 days to cover their CHMT’s short positions. The short interest to Chemtura Corporation’s float is 1.71%. The stock last traded at $33 per share. It is down 11.83% since April 26, 2016 and is uptrending. It has outperformed by 6.57% the S&P500.

Chemtura Corporation is a developer, maker and marketer of engineered industrial specialty chemicals. The company has a market cap of $2.08 billion. The Company’s products are sold to industrial manufacturing clients for use as additives, ingredients or intermediates that add value to their end products. It has a 78.77 P/E ratio. It operates through two divisions: Industrial Performance Products and Industrial Engineered Products.

Insitutional Activity: The institutional sentiment decreased to 0.76 in 2016 Q2. Its down 0.37, from 1.13 in 2016Q1. The ratio worsened, as 21 funds sold all Chemtura Corp shares owned while 61 reduced positions. 30 funds bought stakes while 63 increased positions. They now own 56.96 million shares or 3.09% less from 58.78 million shares in 2016Q1.
Voya Invest Management Limited Co holds 27,529 shares or 0% of its portfolio. Amalgamated Commercial Bank accumulated 6,842 shares or 0.01% of the stock. Icon Advisers accumulated 0.01% or 8,000 shares. Cantab Capital Partners Llp accumulated 14,215 shares or 0% of the stock. Parametric Associates Limited Liability accumulated 137,473 shares or 0.01% of the stock. Css Limited Il, a Illinois-based fund reported 21,068 shares. M&R Cap Inc holds 0% of its portfolio in Chemtura Corp (NYSE:CHMT) for 1 shares. Allianz Asset Management Ag last reported 0% of its portfolio in the stock. Farmers Merchants has 0% invested in the company for 195 shares. Quaker Investments Ltd Liability Corporation holds 5.35% of its portfolio in Chemtura Corp (NYSE:CHMT) for 492,248 shares. Ig Inv Management Ltd last reported 0.01% of its portfolio in the stock. The New York-based Epoch Inv Prtn Inc has invested 0.04% in Chemtura Corp (NYSE:CHMT). First Tru Advisors Ltd Partnership has 0% invested in the company for 15,903 shares. Swiss National Bank & Trust has 106,094 shares for 0% of their US portfolio. Herndon Capital Mgmt Llc has 260 shares for 0% of their US portfolio.

Insider Transactions: Since August 16, 2016, the stock had 0 insider purchases, and 2 selling transactions for $88,207 net activity. 1,900 shares were sold by Puri Dalip, worth $59,812.

Chemtura Corp (NYSE:CHMT) Ratings Coverage

Out of 6 analysts covering Chemtura (NYSE:CHMT), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. Chemtura has been the topic of 11 analyst reports since October 29, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, October 3 by Seaport Global Securities. The firm has “Overweight” rating given on Tuesday, April 5 by KeyBanc Capital Markets. The stock has “Neutral” rating given by Robert W. Baird on Friday, September 9. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Monday, October 17. The stock of Chemtura Corp (NYSE:CHMT) has “Hold” rating given on Thursday, November 3 by Gabelli. The firm earned “Buy” rating on Friday, October 30 by Seaport Global Securities. The firm has “Neutral” rating given on Monday, September 26 by SunTrust. On Tuesday, September 27 the stock rating was downgraded by Gabelli to “Hold”. The firm earned “Buy” rating on Tuesday, April 26 by BB&T Capital.

CHMT Company Profile

Chemtura Corporation, incorporated on May 27, 1999, is a developer, maker and marketer of engineered industrial specialty chemicals. The Company’s products are sold to industrial manufacturing clients for use as additives, ingredients or intermediates that add value to their end products. The Firm operates through two divisions: Industrial Performance Products and Industrial Engineered Products. The Company’s Industrial Performance Products segment is a maker and marketer of lubricant additive components, synthetic lubricant base-stocks, synthetic finished fluids, calcium sulfonate specialty greases and phosphate and polyester fluids, and is also engaged in the development and production of hot cast elastomer pre-polymers. The Company’s Industrial Engineered Products segment is a developer and maker of bromine and bromine products and organometallic compounds. The Firm operates in a range of end-use industries, including automotive, building and construction, electronics, lubricants, packaging and transportation. It operates in North America, Europe and Asia, Asia/Pacific and Latin America.

More important recent Chemtura Corp (NYSE:CHMT) news were published by: Fool.com which released: “Why Chemtura Corp.’s Shares Popped 16% Today” on September 26, 2016, also Natlawreview.com published article titled: “Lanxess AG and Chemtura Corp: Upcoming/New CFIUS Filing”, Pionline.com published: “Chemtura Corp. enters into buyout with Voya” on February 23, 2016. More interesting news about Chemtura Corp (NYSE:CHMT) was released by: Seekingalpha.com and their article: “Chemtura Corp. (CHMT) CEO Craig Rogerson on Q2 2016 Results – Earnings Call …” with publication date: July 29, 2016.

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By Hazel Jackson


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