ICL Group Ltd (NYSE:ICL) Short Interest Update

ICL Group Ltd (NYSE:ICL) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,060,000 shares, an increase of 36.4% from the November 30th total of 1,510,000 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 842,300 shares, the days-to-cover ratio is currently 2.4 days.

Analyst Ratings Changes

Separately, StockNews.com raised shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

ICL Group Trading Up 0.2 %

ICL Group stock traded up $0.01 during trading hours on Monday, reaching $4.80. The company had a trading volume of 638,643 shares, compared to its average volume of 781,565. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. ICL Group has a 12-month low of $3.79 and a 12-month high of $5.54. The company has a 50-day moving average price of $4.59 and a 200 day moving average price of $4.36. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 6.97 and a beta of 1.25.

ICL Group (NYSE:ICL) last posted its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the business posted $0.11 EPS. Equities analysts forecast that ICL Group will post 0.35 earnings per share for the current year.

ICL Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were issued a dividend of $0.0133 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a yield of 1.11%. ICL Group’s dividend payout ratio is presently 48.39%.

Institutional Investors Weigh In On ICL Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP raised its holdings in shares of ICL Group by 35.6% during the third quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 2,985 shares in the last quarter. GW Henssler & Associates Ltd. increased its position in ICL Group by 18.0% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 19,726 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 3,010 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in ICL Group by 10.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 37,721 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 3,667 shares in the last quarter. Glenmede Trust Co. NA lifted its position in shares of ICL Group by 40.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 14,368 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 4,140 shares during the period. Finally, Inspire Investing LLC boosted its stake in shares of ICL Group by 22.3% during the 3rd quarter. Inspire Investing LLC now owns 24,847 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 4,535 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

About ICL Group

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. 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.