Northern Technologies International Co. (NASDAQ:NTIC) Short Interest Down 21.0% in November

Northern Technologies International Co. (NASDAQ:NTIC) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 114,300 shares, a decrease of 21.0% from the October 31st total of 144,700 shares. Based on an average daily trading volume, of 16,800 shares, the short-interest ratio is presently 6.8 days. Approximately 1.5% of the shares of the company are sold short.

Northern Technologies International Stock Performance

Shares of NTIC opened at $13.54 on Friday. Northern Technologies International has a fifty-two week low of $10.08 and a fifty-two week high of $19.63. The firm has a 50-day simple moving average of $12.80 and a 200-day simple moving average of $14.19. The company has a market capitalization of $128.22 million, a price-to-earnings ratio of 24.62 and a beta of 0.60.

Northern Technologies International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Wednesday, October 30th. Northern Technologies International’s payout ratio is currently 50.91%.

Institutional Investors Weigh In On Northern Technologies International

Large investors have recently modified their holdings of the stock. Rhumbline Advisers acquired a new position in Northern Technologies International in the 2nd quarter valued at $114,000. Panagora Asset Management Inc. purchased a new position in Northern Technologies International during the second quarter worth about $175,000. BNP Paribas Financial Markets lifted its position in Northern Technologies International by 392.7% in the third quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company’s stock valued at $172,000 after purchasing an additional 11,128 shares during the period. Barclays PLC boosted its holdings in Northern Technologies International by 78.4% in the 3rd quarter. Barclays PLC now owns 14,864 shares of the specialty chemicals company’s stock valued at $182,000 after purchasing an additional 6,533 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new position in Northern Technologies International during the 2nd quarter worth approximately $251,000. Hedge funds and other institutional investors own 32.88% of the company’s stock.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.