Northern Technologies International Co. (NASDAQ:NTIC) Sees Large Decrease in Short Interest

Northern Technologies International Co. (NASDAQ:NTICGet Rating) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 8,600 shares, a decrease of 42.3% from the March 15th total of 14,900 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 9,200 shares, the short-interest ratio is presently 0.9 days.

A number of large investors have recently modified their holdings of the stock. Barclays PLC boosted its stake in Northern Technologies International by 521.3% during the 3rd quarter. Barclays PLC now owns 2,013 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 1,689 shares during the period. Geode Capital Management LLC boosted its stake in Northern Technologies International by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 61,636 shares of the specialty chemicals company’s stock worth $939,000 after purchasing an additional 5,046 shares during the period. Essex Investment Management Co. LLC boosted its stake in Northern Technologies International by 25.3% during the 4th quarter. Essex Investment Management Co. LLC now owns 47,980 shares of the specialty chemicals company’s stock worth $734,000 after purchasing an additional 9,675 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Northern Technologies International during the 3rd quarter worth $304,000. Finally, Susquehanna International Group LLP acquired a new stake in Northern Technologies International during the 4th quarter worth $401,000. Hedge funds and other institutional investors own 35.40% of the company’s stock.

NASDAQ NTIC opened at $11.33 on Friday. The firm’s fifty day moving average price is $12.65 and its 200 day moving average price is $14.19. The company has a market capitalization of $104.46 million, a price-to-earnings ratio of 13.17 and a beta of 1.08. Northern Technologies International has a 12 month low of $10.60 and a 12 month high of $21.50.

Northern Technologies International (NASDAQ:NTICGet Rating) last posted its earnings results on Thursday, April 7th. The specialty chemicals company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). Northern Technologies International had a net margin of 12.73% and a return on equity of 7.24%. During the same quarter in the previous year, the company earned $0.13 earnings per share. As a group, equities analysts expect that Northern Technologies International will post 0.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 16th. Investors of record on Wednesday, February 2nd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Tuesday, February 1st. Northern Technologies International’s dividend payout ratio is currently 32.56%.

A number of equities research analysts have commented on NTIC shares. Zacks Investment Research downgraded shares of Northern Technologies International from a “hold” rating to a “sell” rating in a research report on Tuesday. StockNews.com began coverage on shares of Northern Technologies International in a research report on Monday. They issued a “hold” rating on the stock. Northland Securities dropped their target price on shares of Northern Technologies International from $24.00 to $18.00 in a research report on Friday, April 8th. Finally, TheStreet raised shares of Northern Technologies International from a “c+” rating to a “b-” rating in a research report on Friday, March 4th.

Northern Technologies International Company Profile (Get Rating)

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.

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