Short Interest in DuPont de Nemours, Inc. (NYSE:DD) Expands By 16.4%

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 4,190,000 shares, an increase of 16.4% from the November 30th total of 3,600,000 shares. Based on an average daily volume of 1,950,000 shares, the short-interest ratio is presently 2.1 days. Currently, 1.0% of the shares of the company are short sold.

Analyst Ratings Changes

DD has been the subject of a number of recent research reports. StockNews.com raised shares of DuPont de Nemours from a "hold" rating to a "buy" rating in a research report on Tuesday, December 24th. Citigroup decreased their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a "buy" rating on the stock in a research report on Wednesday, December 18th. Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Morgan Stanley increased their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company lifted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average target price of $95.25.

DuPont de Nemours Price Performance

Shares of DD stock traded down $0.68 on Monday, reaching $75.95. The company had a trading volume of 1,479,171 shares, compared to its average volume of 2,426,919. The business's 50-day moving average is $82.13 and its 200 day moving average is $81.92. DuPont de Nemours has a one year low of $61.14 and a one year high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $31.74 billion, a PE ratio of 39.97, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. Equities research analysts forecast that DuPont de Nemours will post 3.89 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.38 per share. The ex-dividend date was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.00%. DuPont de Nemours's dividend payout ratio is currently 80.00%.

Hedge Funds Weigh In On DuPont de Nemours

Several large investors have recently bought and sold shares of DD. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours during the second quarter worth $27,000. Denver PWM LLC bought a new position in DuPont de Nemours during the 2nd quarter worth $28,000. Quarry LP acquired a new position in DuPont de Nemours during the 2nd quarter worth about $37,000. Ashton Thomas Securities LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter valued at about $38,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of DuPont de Nemours in the third quarter valued at about $39,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Company Profile

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.