Compass Minerals International, Inc. (NYSE:CMP – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 5,250,000 shares, a growth of 5.6% from the July 31st total of 4,970,000 shares. Based on an average daily trading volume, of 749,000 shares, the days-to-cover ratio is presently 7.0 days.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Compass Minerals International to a “sell” rating in a research note on Wednesday, August 21st. One research analyst has 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, the company presently has an average rating of “Hold” and a consensus price target of $31.00.
Check Out Our Latest Report on Compass Minerals International
Compass Minerals International Price Performance
Institutional Investors Weigh In On Compass Minerals International
Several large investors have recently modified their holdings of CMP. Morningstar Investment Services LLC increased its position in Compass Minerals International by 89.2% during the fourth quarter. Morningstar Investment Services LLC now owns 1,352,718 shares of the basic materials company’s stock worth $35,333,000 after buying an additional 637,883 shares during the last quarter. Invenomic Capital Management LP bought a new position in Compass Minerals International during the first quarter worth about $7,486,000. SW Investment Management LLC bought a new position in shares of Compass Minerals International in the second quarter valued at approximately $3,099,000. Lee Danner & Bass Inc. bought a new position in shares of Compass Minerals International in the second quarter valued at approximately $2,448,000. Finally, Yost Capital Management LP bought a new position in shares of Compass Minerals International in the fourth quarter valued at approximately $4,583,000. 99.78% of the stock is owned by institutional investors.
About Compass Minerals International
Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.
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