Dow Chemical Company (The) (DWDP) Short Interest Up 15.0% in November

Dow Chemical Company (The) (NYSE:DWDP) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 19,009,691 shares, a growth of 15.0% from the November 15th total of 16,528,752 shares. Based on an average daily volume of 7,189,947 shares, the short-interest ratio is presently 2.6 days. Approximately 0.8% of the shares of the company are sold short.

A number of brokerages recently issued reports on DWDP. Zacks Investment Research upgraded Dow Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Nomura boosted their price objective on Dow Chemical from $77.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Citigroup boosted their price objective on Dow Chemical from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Royal Bank of Canada restated a “buy” rating and issued a $86.00 price objective on shares of Dow Chemical in a research note on Friday, December 8th. Finally, began coverage on Dow Chemical in a research note on Tuesday, September 26th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $80.21.

Dow Chemical (DWDP) opened at $71.42 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $167,120.00 and a PE ratio of 19.13. Dow Chemical has a twelve month low of $56.52 and a twelve month high of $73.85.

Dow Chemical (NYSE:DWDP) last posted its earnings results on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.55. The business had revenue of $18.29 billion during the quarter, compared to analyst estimates of $18.24 billion. Dow Chemical had a return on equity of 9.73% and a net margin of 5.01%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. equities research analysts expect that Dow Chemical will post 3.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Tuesday, November 14th.

In other news, insider Andrew N. Liveris sold 78,582 shares of Dow Chemical stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $71.00, for a total transaction of $5,579,322.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew N. Liveris sold 9,664 shares of Dow Chemical stock in a transaction on Friday, December 15th. The stock was sold at an average price of $70.10, for a total value of $677,446.40. The disclosure for this sale can be found here. Insiders have sold a total of 495,951 shares of company stock worth $35,502,729 over the last quarter. Company insiders own 0.89% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Excalibur Management Corp purchased a new position in Dow Chemical during the 3rd quarter valued at about $303,000. TCI Wealth Advisors Inc. purchased a new position in shares of Dow Chemical during the third quarter worth about $973,000. Toronto Dominion Bank purchased a new position in shares of Dow Chemical during the third quarter worth about $78,199,000. Principal Financial Group Inc. purchased a new position in shares of Dow Chemical during the third quarter worth about $319,529,000. Finally, Gilman Hill Asset Management LLC purchased a new position in shares of Dow Chemical during the third quarter worth about $1,088,000. 68.74% of the stock is owned by institutional investors and hedge funds.

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About Dow Chemical

DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.

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