Short Interest Buzzer: A Reversal for DU Pont E I DE Nemours & Company (NYSE:DD) Is Not Near. The Stock Has Rise in Shorts

December 1, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Buzzer: A Reversal for DU Pont E I DE Nemours & Company (NYSE:DD) Is Not Near. The Stock Has Rise in Shorts

The stock of DU Pont E I DE Nemours & Company (NYSE:DD) registered an increase of 9% in short interest. DD’s total short interest was 13.19M shares in December as published by FINRA. Its up 9% from 12.10 million shares, reported previously. With 2.45M shares average volume, it will take short sellers 5 days to cover their DD’s short positions. The stock increased 3.38% or $2.41 during the last trading session, hitting $73.61. About 60 shares traded hands. E I Du Pont De Nemours And Co (NYSE:DD) has risen 10.84% since April 28, 2016 and is uptrending. It has outperformed by 4.92% the S&P500.

E. I. du Pont de Nemours and Company is a science and technology company. The company has a market cap of $64.27 billion. The Firm consists of over 10 businesses aggregated into six divisions: Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. It has a 32.01 P/E ratio. The Company’s products include corn hybrids and soybean varieties, herbicides, fungicides and insecticides in Agriculture segment; photopolymers and electronic materials in Electronics & Communications segment; enzymes and bio materials in Industrial Biosciences segment; cultures, emulsifiers, texturants, natural sweeteners and soy food ingredients in Nutrition & Health segment; engineering polymers, packaging and industrial polymers, films and elastomers in Performance Materials segment, and nonwovens, aramids and solid surfaces in Safety & Protection segment.

Insitutional Activity: The institutional sentiment increased to 0.8 in Q2 2016. Its up 0.14, from 0.66 in 2016Q1. The ratio is positive, as 63 funds sold all E I Du Pont De Nemours And Co shares owned while 474 reduced positions. 67 funds bought stakes while 289 increased positions. They now own 608.14 million shares or 1.55% less from 617.73 million shares in 2016Q1.
Rock Point Advsr Limited Company has 0.11% invested in the company for 3,233 shares. Clarkston Cap Ptnrs Ltd holds 0.07% of its portfolio in E I Du Pont De Nemours And Co (NYSE:DD) for 20,798 shares. Caisse De Depot Et Placement Du Quebec last reported 261,555 shares in the company. Drexel Morgan, a Pennsylvania-based fund reported 18,644 shares. Dowling Yahnke Ltd Liability, a California-based fund reported 7,048 shares. Pennsylvania Tru has 0.64% invested in the company for 121,347 shares. Argent Tru Co holds 0.24% of its portfolio in E I Du Pont De Nemours And Co (NYSE:DD) for 8,346 shares. Pinnacle owns 211,946 shares or 0.3% of their US portfolio. Congress Asset Management Ma owns 184,518 shares or 0.28% of their US portfolio. Wg Shaheen Associate Dba Whitney, a New York-based fund reported 54,915 shares. The Massachusetts-based Ipswich Mngmt has invested 0.25% in E I Du Pont De Nemours And Co (NYSE:DD). Douglass Winthrop Advsrs Limited Liability reported 83,788 shares or 0.32% of all its holdings. South State owns 96,135 shares or 0.93% of their US portfolio. Jensen Invest last reported 19,408 shares in the company. Tradewinds Mgmt Lc reported 1,317 shares or 0.06% of all its holdings.

Insider Transactions: Since August 24, 2016, the stock had 0 buys, and 3 insider sales for $8.06 million net activity. 58,958 shares were sold by Cachinero Benito, worth $4.15 million on Wednesday, August 24. 50,316 E I Du Pont De Nemours And Co (NYSE:DD) shares with value of $3.54M were sold by Collins James C. Jr.. 5,422 E I Du Pont De Nemours And Co (NYSE:DD) shares with value of $376,993 were sold by Doyle Christopher Marc.

E I Du Pont De Nemours And Co (NYSE:DD) Ratings Coverage

Out of 17 analysts covering Du Pont (NYSE:DD), 8 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 47% are positive. Du Pont has been the topic of 41 analyst reports since July 30, 2015 according to StockzIntelligence Inc. On Wednesday, January 27 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Neutral” rating on Tuesday, January 5 by Citigroup. Bernstein initiated it with “Mkt Perform” rating and $56 target price in Friday, September 11 report. RBC Capital Markets maintained it with “Sector Perform” rating and $68 target price in Friday, December 4 report. Bank of America upgraded the stock to “Buy” rating in Friday, December 18 report. On Wednesday, July 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Outperform” rating on Monday, December 14 by Wells Fargo. The stock has “Neutral” rating given by Credit Suisse on Wednesday, January 27. The company was maintained on Monday, November 2 by Argus Research. Argus Research maintained the stock with “Buy” rating in Wednesday, January 20 report.

DD Company Profile

E. I. du Pont de Nemours and Company (DuPont), incorporated on October 4, 1915, is a science and technology company. The Firm consists of over 10 businesses aggregated into six divisions, which include Agriculture, Electronics & Communications (E&C), Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. The Firm is also involved in other businesses, such as pre-commercial programs, nonaligned businesses and pharmaceuticals in other. It conducts research and development (R&D) programs in various fields, including agriculture, biology, chemistry, engineering and materials science.

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