Wacker Chemie AG (OTCMKTS:WKCMF – Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 42,400 shares, an increase of 21.8% from the August 15th total of 34,800 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 424.0 days.
Wacker Chemie Price Performance
WKCMF opened at $145.05 on Friday. The company has a 50-day moving average of $148.86 and a 200-day moving average of $148.30. Wacker Chemie has a 1-year low of $98.41 and a 1-year high of $167.16.
Analyst Ratings Changes
Separately, HSBC upgraded shares of Wacker Chemie from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.14.
About Wacker Chemie
Wacker Chemie AG, together with its subsidiaries, provides chemical products worldwide. It operates through four divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, and Wacker Polysilicon. The Wacker Silicones division offers silanes, siloxanes, silicone fluids, silicone emulsions, silicone elastomers, silicone resins, and pyrogenic silicas.
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