1 day Ago By ABMN Staff
Intrepid Potash, Inc. ( NYSE:IPI – Get Free Report ) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 305,000 shares, a decrease of 8.
1% from the August 15th total of 331,800 shares. Currently, 3.1% of the shares of the stock are sold short.
Based on an average daily trading volume, of 68,600 shares, the days-to-cover ratio is currently 4.4 days. Intrepid Potash Trading Down 3.
3 % Shares of IPI stock traded down $0.84 during trading hours on Wednesday, reaching $24.44.
The stock had a trading volume of 76,335 shares, compared to its average volume of 95,743. The stock’s fifty day simple moving average is $23.86 and its 200 day simple moving average is $22.
92. The firm has a market capitalization of $324.29 million, a PE ratio of -7.
23 and a beta of 2.19. Intrepid Potash has a 12 month low of $17.
52 and a 12 month high of $28.00. Intrepid Potash ( NYSE:IPI – Get Free Report ) last announced its quarterly earnings results on Monday, August 5th.
The basic materials company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.
08). Intrepid Potash had a negative net margin of 19.19% and a negative return on equity of 2.
02%. The firm had revenue of $62.06 million during the quarter, compared to the consensus estimate of $50.
88 million. During the same period in the previous year, the business earned $0.33 earnings per share.
As a group, equities research analysts anticipate that Intrepid Potash will post 0.15 EPS for the current fiscal year. Hedge Funds Weigh In On Intrepid Potash About Intrepid Potash ( Get Free Report ) Intrepid Potash, Inc, together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally.
It operates through three segments: Potash, Trio, and Oilfield Solutions. The company offers muriate of potash for various markets, such as agricultural market as a fertilizer input; the industrial market as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes; and the animal feed market as a nutrient supplement. Featured Articles Receive News & Ratings for Intrepid Potash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intrepid Potash and related companies with MarketBeat.
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