Posted by admin on May 26th, 2022
Incitec Pivot Limited (OTCMKTS:INCZY – Get Rating) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 1,100 shares, a drop of 69.4% from the April 30th total of 3,600 shares. Based on an average daily volume of 18,400 shares, the days-to-cover ratio is presently 0.1 days.
Incitec Pivot stock traded up $0.00 during trading hours on Thursday, reaching $2.52. The stock had a trading volume of 2,096 shares, compared to its average volume of 27,803. Incitec Pivot has a 52 week low of $1.68 and a 52 week high of $3.14. The company has a fifty day simple moving average of $2.75 and a 200-day simple moving average of $2.47.
Separately, The Goldman Sachs Group upgraded shares of Incitec Pivot from a “neutral” rating to a “buy” rating in a research report on Friday, March 25th.
About Incitec Pivot (Get Rating)
Incitec Pivot Limited manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia, the United States, Canada, Turkey, and internationally. The company manufactures and distributes fertilizers, including di/mono-ammonium phosphate, ammonia, granulated ammonium sulphate, urea, and single super phosphate, as well as imports and sells fertilizers.
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