Israel Chemicals Ltd (NYSE:ICL) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 804,300 shares, a decrease of 41.3% from the July 31st total of 1,370,000 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 162,000 shares, the days-to-cover ratio is currently 5.0 days.
Several analysts have commented on ICL shares. Zacks Investment Research raised shares of Israel Chemicals from a “hold” rating to a “strong-buy” rating and set a $6.00 price target for the company in a research report on Friday, June 7th. ValuEngine lowered shares of Israel Chemicals from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Israel Chemicals currently has a consensus rating of “Buy” and an average price target of $5.94.
Shares of ICL stock traded up $0.04 during mid-day trading on Friday, hitting $4.84. 241,700 shares of the stock traded hands, compared to its average volume of 165,894. The stock has a market cap of $6.27 billion, a P/E ratio of 13.08, a P/E/G ratio of 1.19 and a beta of 0.88. The stock’s fifty day moving average is $4.94 and its two-hundred day moving average is $5.20. Israel Chemicals has a 52-week low of $4.43 and a 52-week high of $6.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 0.85.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Eaton Vance Management acquired a new position in shares of Israel Chemicals during the second quarter valued at about $58,000. Zacks Investment Management acquired a new position in shares of Israel Chemicals during the second quarter valued at about $98,000. Jane Street Group LLC increased its holdings in shares of Israel Chemicals by 86.0% during the second quarter. Jane Street Group LLC now owns 283,540 shares of the basic materials company’s stock valued at $1,484,000 after acquiring an additional 131,105 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Israel Chemicals during the second quarter valued at about $230,000. Finally, Morgan Stanley increased its holdings in shares of Israel Chemicals by 20.4% during the second quarter. Morgan Stanley now owns 92,612 shares of the basic materials company’s stock valued at $481,000 after acquiring an additional 15,701 shares in the last quarter. Hedge funds and other institutional investors own 7.12% of the company’s stock.
Israel Chemicals Company Profile
Israel Chemicals Ltd. operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.
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