Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) Sees Significant Growth in Short Interest

Chemtrade Logistics Income Fund (OTCMKTS:CGIFF – Get Rating) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 61,600 shares, a growth of 125.6% from the March 31st total of 27,300 shares. Based on an average trading volume of 7,500 shares, the short-interest ratio is presently 8.2 days.

Several research firms recently commented on CGIFF. CIBC upped their price target on shares of Chemtrade Logistics Income Fund from C$10.00 to C$10.50 in a research note on Tuesday, January 11th. National Bank Financial reduced their price objective on shares of Chemtrade Logistics Income Fund from C$10.00 to C$8.75 in a research note on Friday, January 28th. Raymond James increased their price objective on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 in a research note on Thursday, February 24th. Desjardins reduced their price objective on shares of Chemtrade Logistics Income Fund from C$10.00 to C$9.50 in a research note on Friday, January 28th. Finally, BMO Capital Markets reduced their price objective on shares of Chemtrade Logistics Income Fund from C$8.00 to C$7.50 in a research note on Thursday, January 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chemtrade Logistics Income Fund currently has an average rating of “Buy” and an average price target of $9.21.

CGIFF opened at $6.00 on Friday. The company’s 50 day moving average is $6.18 and its 200-day moving average is $6.06. Chemtrade Logistics Income Fund has a 1-year low of $4.70 and a 1-year high of $7.00.

Chemtrade Logistics Income Fund Company Profile (Get Rating)

Chemtrade Logistics Income Fund offers industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces, and markets merchant, regenerated, and ultra-pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.

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