OCI (OTCMKTS:OCINF) Short Interest Update

OCI (OTCMKTS:OCINFGet Rating) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 29,300 shares, an increase of 181.7% from the March 31st total of 10,400 shares. Based on an average trading volume of 300 shares, the short-interest ratio is presently 97.7 days.

Shares of OTCMKTS:OCINF remained flat at $$40.85 during trading on Friday. The firm has a 50-day moving average price of $33.23 and a 200 day moving average price of $29.13. OCI has a 12 month low of $21.54 and a 12 month high of $40.85.

OCINF has been the subject of a number of analyst reports. Credit Suisse Group increased their price target on shares of OCI from €31.00 ($33.33) to €38.50 ($41.40) in a report on Friday, April 8th. Berenberg Bank increased their price target on shares of OCI from €33.00 ($35.48) to €40.00 ($43.01) in a report on Wednesday, March 23rd. JPMorgan Chase & Co. increased their price target on shares of OCI from €30.00 ($32.26) to €45.00 ($48.39) in a report on Friday, April 8th. Finally, HSBC started coverage on shares of OCI in a research note on Thursday, January 13th. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, OCI presently has an average rating of “Buy” and a consensus target price of $36.75.

About OCI (Get Rating)

OCI N.V. produces and distributes natural gas-based products and industrial chemicals to agricultural, transportation, and industrial customers. It operates through Methanol US, Methanol Europe, Nitrogen US, Nitrogen Europe, and Fertiglobe segments. The company offers anhydrous ammonia, granular urea, urea ammonium nitrate solution, calcium ammonium nitrate, ammonium sulphate, nitrogen argon, aqueous ammonia, nitric acid, urea solution, bio-methanol, methanol, melamine, and diesel exhaust fluid, as well as and other nitrogen products.

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