Short Interest in OCI (OTCMKTS:OCINF) Decreases By 54.1%

OCI (OTCMKTS:OCINF – Get Rating) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 418,800 shares, a decrease of 54.1% from the April 30th total of 912,200 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is presently 299.1 days.

Analysts Set New Price Targets

OCINF has been the subject of several analyst reports. Citigroup lowered shares of OCI from a “buy” rating to a “neutral” rating in a report on Thursday, February 9th. Jefferies Financial Group initiated coverage on OCI in a report on Monday, March 13th. They issued a “hold” rating on the stock. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.00.

OCI Trading Down 4.0 %

Shares of OCINF traded down $1.00 during mid-day trading on Friday, reaching $23.75. 105 shares of the company’s stock traded hands, compared to its average volume of 4,170. The stock’s 50-day moving average is $29.63 and its two-hundred day moving average is $33.63. OCI has a 12 month low of $23.75 and a 12 month high of $41.75.

OCI Company Profile

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OCI NV is a holding company, which engages production and distribution of natural gas-based fertilizers and industrial chemicals through its subsidiaries. It operates through the following business segments: Methanol U.S., Methanol Europe, Nitrogen U.S., Nitrogen Europe, Fertiglobe, and Other. The Methanol U.S.