Koppers Holdings Inc. (NYSE:KOP) Short Interest Update

Koppers Holdings Inc. (NYSE:KOP - Get Free Report) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 518,600 shares, an increase of 11.3% from the January 15th total of 466,100 shares. Based on an average daily volume of 133,400 shares, the days-to-cover ratio is presently 3.9 days. Approximately 2.7% of the shares of the stock are short sold.

Koppers Price Performance

NYSE KOP traded down $0.38 on Friday, hitting $30.20. 108,305 shares of the company were exchanged, compared to its average volume of 104,229. The firm has a 50 day moving average of $31.05 and a two-hundred day moving average of $34.82. The company has a market cap of $612.24 million, a P/E ratio of 8.58 and a beta of 1.83. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. Koppers has a 1-year low of $28.57 and a 1-year high of $58.23.

Koppers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a dividend of $0.08 per share. This is an increase from Koppers's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.32 annualized dividend and a yield of 1.06%. Koppers's dividend payout ratio is 7.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Koppers from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Barrington Research reaffirmed an "outperform" rating and issued a $64.00 target price on shares of Koppers in a report on Tuesday, November 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KOP. GAMMA Investing LLC lifted its position in Koppers by 170.4% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 523 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Koppers during the 3rd quarter worth about $37,000. Quarry LP acquired a new position in Koppers during the 4th quarter worth about $40,000. KBC Group NV lifted its position in Koppers by 83.8% during the 3rd quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 549 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in Koppers by 277.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,520 shares of the specialty chemicals company's stock worth $56,000 after buying an additional 1,117 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company's stock.

About Koppers

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.