Short Interest in Mosaic Co (NYSE:MOS) Declines By 7.6%

Mosaic Co (NYSE:MOS) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 11,577,600 shares, a decline of 7.6% from the June 30th total of 12,530,400 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily volume of 5,270,000 shares, the days-to-cover ratio is presently 2.2 days.

A number of research analysts have issued reports on MOS shares. Scotiabank raised shares of Mosaic from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, May 8th. Bank of America raised shares of Mosaic from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Monday, June 17th. Morgan Stanley reduced their price objective on shares of Mosaic from $36.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 9th. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $33.00 to $27.00 in a research report on Wednesday, May 8th. Finally, Citigroup raised shares of Mosaic from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $31.00 in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.94.

Large investors have recently added to or reduced their stakes in the company. World Asset Management Inc grew its position in Mosaic by 1.4% during the 2nd quarter. World Asset Management Inc now owns 30,468 shares of the basic materials company’s stock valued at $763,000 after purchasing an additional 430 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in Mosaic by 0.8% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 53,888 shares of the basic materials company’s stock valued at $1,472,000 after purchasing an additional 443 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Mosaic by 4.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 10,900 shares of the basic materials company’s stock valued at $298,000 after purchasing an additional 500 shares during the last quarter. Tocqueville Asset Management L.P. grew its position in Mosaic by 2.1% during the 1st quarter. Tocqueville Asset Management L.P. now owns 24,475 shares of the basic materials company’s stock valued at $668,000 after purchasing an additional 500 shares during the last quarter. Finally, Wellington Shields & Co. LLC grew its position in Mosaic by 4.4% during the 1st quarter. Wellington Shields & Co. LLC now owns 11,800 shares of the basic materials company’s stock valued at $322,000 after purchasing an additional 500 shares during the last quarter. 74.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:MOS traded down $0.35 during midday trading on Thursday, reaching $19.29. The company’s stock had a trading volume of 4,654,200 shares, compared to its average volume of 4,648,948. The firm has a 50 day moving average of $23.66 and a 200-day moving average of $25.95. The firm has a market capitalization of $7.57 billion, a P/E ratio of 9.10, a PEG ratio of 2.50 and a beta of 1.56. The company has a quick ratio of 0.60, a current ratio of 1.67 and a debt-to-equity ratio of 0.43. Mosaic has a 12-month low of $19.19 and a 12-month high of $37.37.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.18). The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Mosaic had a return on equity of 6.87% and a net margin of 2.70%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 earnings per share. On average, research analysts predict that Mosaic will post 1.19 EPS for the current year.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and International Distribution. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names.

See Also: Insider Trading – What You Need to Know

Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.