Koninklijke DSM (OTCMKTS:RDSMY) Sees Significant Drop in Short Interest

Koninklijke DSM (OTCMKTS:RDSMYGet Rating) saw a large drop in short interest in May. As of May 15th, there was short interest totalling 10,300 shares, a drop of 28.5% from the April 30th total of 14,400 shares. Based on an average daily volume of 147,500 shares, the days-to-cover ratio is presently 0.1 days.

Shares of RDSMY stock opened at $38.15 on Friday. The stock’s fifty day simple moving average is $41.08 and its 200 day simple moving average is $47.12. The company has a quick ratio of 1.58, a current ratio of 2.52 and a debt-to-equity ratio of 0.32. Koninklijke DSM has a one year low of $35.36 and a one year high of $56.92.

The business also recently declared a dividend, which will be paid on Friday, June 10th. Investors of record on Monday, May 16th will be paid a $0.3593 dividend. This represents a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 13th.

Several analysts have recently weighed in on the company. Societe Generale raised Koninklijke DSM from a “hold” rating to a “buy” rating in a report on Wednesday, February 23rd. Barclays decreased their price objective on Koninklijke DSM from €189.00 ($201.06) to €188.00 ($200.00) in a report on Wednesday. Morgan Stanley decreased their price objective on Koninklijke DSM from €166.00 ($176.60) to €155.00 ($164.89) and set an “equal weight” rating on the stock in a report on Monday, March 28th. UBS Group decreased their price objective on Koninklijke DSM from €190.00 ($202.13) to €185.00 ($196.81) and set a “buy” rating on the stock in a report on Thursday, March 31st. Finally, Zacks Investment Research raised Koninklijke DSM from a “sell” rating to a “hold” rating in a report on Tuesday, February 15th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Koninklijke DSM currently has a consensus rating of “Buy” and an average target price of $177.50.

Koninklijke DSM Company Profile (Get Rating)

Koninklijke DSM N.V., a science-based company, engages in nutrition, health, and sustainable living businesses in the Netherlands, Switzerland, rest of Europe, North America, Latin America, China, rest of Asia, and internationally. It operates through Nutrition, Materials, and Innovation Center segments.

Read More

Receive News & Ratings for Koninklijke DSM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke DSM and related companies with MarketBeat.com's FREE daily email newsletter.