Oil-Dri Co. of America (NYSE:ODC) Short Interest Update

Oil-Dri Co. of America (NYSE:ODCGet Rating) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 144,300 shares, a growth of 43.0% from the April 15th total of 100,900 shares. Based on an average trading volume of 34,200 shares, the days-to-cover ratio is currently 4.2 days. Approximately 2.9% of the shares of the company are short sold.

Shares of ODC stock traded up $0.23 during trading hours on Friday, hitting $24.73. 26,302 shares of the company’s stock were exchanged, compared to its average volume of 41,038. The company has a quick ratio of 2.24, a current ratio of 3.00 and a debt-to-equity ratio of 0.21. The firm has a market cap of $181.27 million, a P/E ratio of 32.54 and a beta of 0.55. The firm has a 50 day moving average of $26.99 and a two-hundred day moving average of $30.92. Oil-Dri Co. of America has a fifty-two week low of $23.55 and a fifty-two week high of $38.05.

Oil-Dri Co. of America (NYSE:ODCGet Rating) last announced its earnings results on Friday, March 11th. The specialty chemicals company reported $0.28 earnings per share for the quarter. The business had revenue of $87.21 million during the quarter. Oil-Dri Co. of America had a return on equity of 3.48% and a net margin of 1.67%.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 13th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, May 12th. Oil-Dri Co. of America’s payout ratio is 142.11%.

Separately, StockNews.com began coverage on Oil-Dri Co. of America in a report on Thursday, March 31st. They issued a “hold” rating for the company.

Several hedge funds have recently made changes to their positions in the company. Denali Advisors LLC purchased a new stake in shares of Oil-Dri Co. of America during the first quarter worth approximately $32,000. Citigroup Inc. increased its position in shares of Oil-Dri Co. of America by 114.2% during the fourth quarter. Citigroup Inc. now owns 1,279 shares of the specialty chemicals company’s stock worth $42,000 after purchasing an additional 682 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Oil-Dri Co. of America during the fourth quarter worth approximately $42,000. Barclays PLC increased its position in shares of Oil-Dri Co. of America by 219.0% during the third quarter. Barclays PLC now owns 2,131 shares of the specialty chemicals company’s stock worth $74,000 after purchasing an additional 1,463 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Oil-Dri Co. of America by 24.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,362 shares of the specialty chemicals company’s stock worth $77,000 after purchasing an additional 460 shares in the last quarter. 48.57% of the stock is owned by institutional investors and hedge funds.

Oil-Dri Co. of America Company Profile (Get Rating)

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group; and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.

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