Shorts Action: Is Dow Chemical Company (NYSE:DOW)’s Fuel Running Low? Reports Show More Sellers

December 1, 2016 - By Louis Casey   ·   0 Comments

Shorts Action: Is Dow Chemical Company (NYSE:DOW)’s Fuel Running Low? Reports Show More Sellers

The stock of Dow Chemical Company (NYSE:DOW) registered an increase of 25.22% in short interest. DOW’s total short interest was 45.05 million shares in December as published by FINRA. Its up 25.22% from 35.98M shares, reported previously. With 6.39M shares average volume, it will take short sellers 7 days to cover their DOW’s short positions. The short interest to Dow Chemical Company’s float is 4.29%. About 5.44 million shares traded hands. Dow Chemical Co (NYSE:DOW) has risen 4.31% since April 28, 2016 and is uptrending. It has underperformed by 1.62% the S&P500.

The Dow Chemical Company is a maker and supplier of products used primarily as raw materials in the manufacture of customer services and products across the world. The company has a market cap of $65.16 billion.

Insitutional Activity: The institutional sentiment increased to 1.34 in Q2 2016. Its up 0.18, from 1.16 in 2016Q1. The ratio is positive, as 60 funds sold all Dow Chemical Co shares owned while 354 reduced positions. 70 funds bought stakes while 410 increased positions. They now own 734.11 million shares or 6.94% less from 788.82 million shares in 2016Q1.
Callahan Advsr Limited Liability Corp has invested 0.75% of its portfolio in Dow Chemical Co (NYSE:DOW). Maple Inc holds 1.55% or 85,032 shares in its portfolio. Kempner Capital Mgmt Inc owns 129,994 shares or 4.15% of their US portfolio. Ls Invest Advsr Limited Liability Corp owns 40,547 shares or 0.14% of their US portfolio. Utah Retirement Sys holds 205,099 shares or 0.27% of its portfolio. S R Schill Associates holds 0.14% of its portfolio in Dow Chemical Co (NYSE:DOW) for 4,243 shares. Wellington Management Limited Liability Partnership accumulated 28.19M shares or 0.36% of the stock. Baldwin Brothers Ma holds 0.06% of its portfolio in Dow Chemical Co (NYSE:DOW) for 6,233 shares. Bollard Grp Inc holds 0.27% or 80,307 shares in its portfolio. Sawtooth Asset Mngmt Incorporated, a Minnesota-based fund reported 17,783 shares. Hancock Holdg owns 55,315 shares or 0.12% of their US portfolio. Ifc Holdings Fl accumulated 0.05% or 9,457 shares. Euclid Advsrs Limited Liability Com accumulated 203,489 shares or 0.44% of the stock. Stock Yards Bankshares And Tru last reported 10,131 shares in the company. Toronto Dominion Natl Bank holds 11,887 shares or 0% of its portfolio.

Dow Chemical Co (NYSE:DOW) Ratings Coverage

Out of 13 analysts covering The Dow Chemical Company (NYSE:DOW), 8 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 62% are positive. The Dow Chemical Company has been the topic of 34 analyst reports since August 20, 2015 according to StockzIntelligence Inc. As per Friday, October 23, the company rating was maintained by Deutsche Bank. The firm earned “Hold” rating on Monday, May 2 by Jefferies. Barclays Capital initiated the stock with “Equal-Weight” rating in Wednesday, November 4 report. The rating was maintained by Deutsche Bank with “Buy” on Thursday, December 10. The rating was downgraded by Zacks to “Buy” on Friday, August 14. The rating was maintained by Barclays Capital on Friday, July 29 with “Equal-Weight”. The stock of Dow Chemical Co (NYSE:DOW) earned “Equal Weight” rating by Barclays Capital on Monday, May 2. The rating was upgraded by JP Morgan on Friday, July 29 to “Overweight”. Bernstein initiated the stock with “Outperform” rating in Friday, September 11 report. The company was downgraded on Tuesday, December 15 by UBS.

DOW Company Profile

The Dow Chemical Company (Dow), incorporated June 11, 1947, is a maker and supplier of products used primarily as raw materials in the manufacture of customer services and products across the world. The Firm operates in five divisions: Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics. The Firm serves various industries, such as appliance, automotive, agricultural, building and construction, chemical processing, electronics, furniture, housewares, gas and oil, packaging, paints, coatings and adhesives, personal care, pharmaceutical, processed foods, pulp and paper, textile and carpet, utilities and water treatment.

Another recent and important Dow Chemical Co (NYSE:DOW) news was published by Businesswire.com which published an article titled: “Royal Inauguration Celebrates Success of Sadara Chemical Company” on November 30, 2016.

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By Louis Casey

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