DuPont de Nemours, Inc. (NYSE:DD) Short Interest Down 5.5% in November

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 3,600,000 shares, a drop of 5.5% from the November 15th total of 3,810,000 shares. Based on an average daily volume of 1,920,000 shares, the short-interest ratio is presently 1.9 days. Currently, 0.9% of the company's stock are short sold.

DuPont de Nemours Price Performance

NYSE:DD traded up $0.06 during trading hours on Tuesday, reaching $80.13. 1,707,697 shares of the company were exchanged, compared to its average volume of 2,441,943. The company has a market capitalization of $33.49 billion, a P/E ratio of 42.17, a P/E/G ratio of 1.97 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The business has a 50 day moving average of $83.50 and a 200 day moving average of $82.10. DuPont de Nemours has a 1-year low of $61.14 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Research analysts forecast that DuPont de Nemours will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.90%. DuPont de Nemours's dividend payout ratio (DPR) is currently 80.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. StockNews.com cut DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Tuesday, December 10th. Morgan Stanley boosted 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. Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased 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 note on Thursday, November 7th. Finally, Barclays lifted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $95.42.

Institutional Trading of DuPont de Nemours

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

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.