Compass Minerals International, Inc. (NYSE:CMP) Short Interest Up 12.1% in May

Compass Minerals International, Inc. (NYSE:CMPGet Free Report) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 3,970,000 shares, a growth of 12.1% from the April 30th total of 3,540,000 shares. Based on an average trading volume of 704,500 shares, the days-to-cover ratio is currently 5.6 days.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Loop Capital raised Compass Minerals International from a “hold” rating to a “buy” rating and decreased their price target for the company from $26.00 to $23.00 in a research report on Friday, April 26th. JPMorgan Chase & Co. decreased their price target on Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Finally, BMO Capital Markets decreased their price target on Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Compass Minerals International currently has a consensus rating of “Hold” and a consensus target price of $31.00.

Check Out Our Latest Report on Compass Minerals International

Compass Minerals International Price Performance

Shares of NYSE CMP opened at $12.96 on Monday. The stock has a fifty day simple moving average of $13.44 and a two-hundred day simple moving average of $19.55. Compass Minerals International has a 1-year low of $11.85 and a 1-year high of $39.78. The firm has a market cap of $535.64 million, a price-to-earnings ratio of -6.20, a price-to-earnings-growth ratio of 0.61 and a beta of 1.17. The company has a current ratio of 2.98, a quick ratio of 1.15 and a debt-to-equity ratio of 2.25.

Compass Minerals International (NYSE:CMPGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $0.23 by $1.26. Compass Minerals International had a positive return on equity of 22.03% and a negative net margin of 7.47%. The business had revenue of $364.00 million during the quarter, compared to analyst estimates of $386.97 million. During the same period in the prior year, the company earned ($0.46) earnings per share. Compass Minerals International’s revenue was down 11.5% compared to the same quarter last year. Analysts anticipate that Compass Minerals International will post 0.52 earnings per share for the current year.

Hedge Funds Weigh In On Compass Minerals International

Several institutional investors and hedge funds have recently bought and sold shares of CMP. Allspring Global Investments Holdings LLC boosted its holdings in shares of Compass Minerals International by 156.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,239 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 756 shares during the period. CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of Compass Minerals International by 12.9% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 4,235 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 484 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Compass Minerals International by 117.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,391 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 2,376 shares during the period. Ulland Investment Advisors LLC boosted its holdings in shares of Compass Minerals International by 116.9% in the fourth quarter. Ulland Investment Advisors LLC now owns 4,490 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 2,420 shares during the period. Finally, Studio Investment Management LLC boosted its holdings in shares of Compass Minerals International by 157.0% in the third quarter. Studio Investment Management LLC now owns 5,934 shares of the basic materials company’s stock worth $166,000 after acquiring an additional 3,625 shares during the period. 99.78% of the stock is owned by institutional investors.

Compass Minerals International Company Profile

(Get Free Report)

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.

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