Venator Materials PLC (NYSE:VNTR) Sees Significant Growth in Short Interest

Venator Materials PLC (NYSE:VNTRGet Rating) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 469,600 shares, an increase of 136.1% from the April 15th total of 198,900 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average trading volume of 275,200 shares, the days-to-cover ratio is currently 1.7 days.

Shares of NYSE:VNTR traded up $0.07 during trading on Friday, hitting $1.87. 199,048 shares of the stock traded hands, compared to its average volume of 328,477. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.12 and a quick ratio of 1.20. The company has a fifty day moving average price of $1.86 and a two-hundred day moving average price of $2.34. Venator Materials has a 52-week low of $1.13 and a 52-week high of $5.85.

Venator Materials (NYSE:VNTRGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Venator Materials had a negative net margin of 2.55% and a positive return on equity of 0.72%. During the same period last year, the firm posted $0.01 earnings per share. Equities research analysts forecast that Venator Materials will post 0.32 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in VNTR. Norges Bank acquired a new position in shares of Venator Materials during the 4th quarter valued at about $4,096,000. Monaco Asset Management SAM acquired a new position in shares of Venator Materials during the 4th quarter valued at about $3,181,000. Meros Investment Management LP acquired a new position in shares of Venator Materials during the 4th quarter valued at about $2,797,000. Morgan Stanley boosted its position in shares of Venator Materials by 95.5% during the 2nd quarter. Morgan Stanley now owns 1,075,861 shares of the company’s stock valued at $5,100,000 after acquiring an additional 525,631 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Venator Materials by 3,358.9% during the 3rd quarter. Millennium Management LLC now owns 428,347 shares of the company’s stock valued at $1,221,000 after acquiring an additional 415,963 shares during the last quarter.

VNTR has been the topic of a number of research reports. Bank of America downgraded shares of Venator Materials from a “neutral” rating to an “underperform” rating and cut their target price for the company from $2.50 to $2.00 in a research report on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Venator Materials from $4.50 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, February 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.13.

About Venator Materials (Get Rating)

Venator Materials PLC, together with its subsidiaries, manufactures and markets chemical products worldwide. It operates through Titanium Dioxide and Performance Additives segments. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and ultrafine TiO2 products for use in coatings, printing inks, PVC window frames, plastic masterbatches, cosmetics, pharmaceuticals, food, polyester and polyamide fibers, catalysts, and cosmetics products.

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