Short Interest in DuPont de Nemours, Inc. (NYSE:DD) Expands By 25.3%

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,310,000 shares, a growth of 25.3% from the February 28th total of 3,440,000 shares. Based on an average trading volume of 2,450,000 shares, the short-interest ratio is currently 1.8 days. Currently, 1.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DD. Royal Bank of Canada dropped their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. BMO Capital Markets boosted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. StockNews.com cut DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Wells Fargo & Company dropped their price target on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $99.17.

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DuPont de Nemours Trading Down 13.0 %

Shares of DD traded down $8.82 during midday trading on Friday, reaching $58.96. The company had a trading volume of 11,808,821 shares, compared to its average volume of 2,276,668. DuPont de Nemours has a 1-year low of $56.18 and a 1-year high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $77.71 and a 200-day simple moving average of $80.36. The stock has a market cap of $24.65 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Research analysts forecast that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.78%. DuPont de Nemours's dividend payout ratio (DPR) is 98.20%.

Hedge Funds Weigh In On DuPont de Nemours

Several large investors have recently modified their holdings of DD. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours in the 4th quarter valued at about $26,000. Aster Capital Management DIFC Ltd raised its stake in shares of DuPont de Nemours by 479.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 302 shares during the period. Vermillion Wealth Management Inc. acquired a new position in shares of DuPont de Nemours in the 4th quarter worth approximately $28,000. Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $29,000. Finally, Vision Financial Markets LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 73.96% of the company's stock.

About DuPont de Nemours

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.