Israel Chemicals Ltd (NYSE:ICL) Short Interest Update

Israel Chemicals Ltd (NYSE:ICL) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 350,400 shares, a drop of 41.8% from the August 30th total of 601,600 shares. Based on an average daily volume of 157,200 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.1% of the company’s shares are short sold.

ICL traded up $0.05 during trading on Friday, reaching $4.66. The company had a trading volume of 88,680 shares, compared to its average volume of 138,136. The firm’s 50-day simple moving average is $4.73 and its 200 day simple moving average is $5.12. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.13 and a beta of 0.89. Israel Chemicals has a 12-month low of $4.43 and a 12-month high of $6.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 1.51.

Israel Chemicals (NYSE:ICL) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. Israel Chemicals had a return on equity of 14.03% and a net margin of 9.04%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business posted $0.09 EPS. Israel Chemicals’s revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts expect that Israel Chemicals will post 0.42 EPS for the current year.

Separately, Zacks Investment Research cut Israel Chemicals from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new position in Israel Chemicals during the 2nd quarter valued at about $230,000. Eagle Global Advisors LLC grew its stake in Israel Chemicals by 22.0% during the 2nd quarter. Eagle Global Advisors LLC now owns 399,000 shares of the basic materials company’s stock valued at $2,075,000 after acquiring an additional 72,000 shares in the last quarter. Aperio Group LLC grew its stake in Israel Chemicals by 29.9% during the 2nd quarter. Aperio Group LLC now owns 520,447 shares of the basic materials company’s stock valued at $2,706,000 after acquiring an additional 119,895 shares in the last quarter. Ballentine Partners LLC grew its stake in Israel Chemicals by 20.5% during the 2nd quarter. Ballentine Partners LLC now owns 26,747 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 4,546 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Israel Chemicals by 18.6% during the 2nd quarter. Bank of Montreal Can now owns 718,887 shares of the basic materials company’s stock valued at $3,739,000 after acquiring an additional 112,500 shares in the last quarter. 7.15% of the stock is currently owned by institutional investors.

About Israel Chemicals

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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