Kronos Worldwide, Inc. (NYSE:KRO) Sees Large Decrease in Short Interest

Kronos Worldwide, Inc. (NYSE:KROGet Rating) saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 1,470,000 shares, a decrease of 7.0% from the July 31st total of 1,580,000 shares. Based on an average daily trading volume, of 304,000 shares, the short-interest ratio is presently 4.8 days. Approximately 6.7% of the company’s stock are short sold.

Kronos Worldwide Price Performance

KRO stock opened at $12.77 on Friday. The stock’s 50 day moving average is $16.41 and its two-hundred day moving average is $16.31. Kronos Worldwide has a 52-week low of $12.06 and a 52-week high of $19.78. The company has a market capitalization of $1.47 billion, a PE ratio of 8.59 and a beta of 0.97. The company has a quick ratio of 2.89, a current ratio of 4.43 and a debt-to-equity ratio of 0.50.

Kronos Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.95%. Kronos Worldwide’s dividend payout ratio (DPR) is presently 51.01%.

Analysts Set New Price Targets

KRO has been the topic of several recent research reports. StockNews.com lowered Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 29th. Barclays decreased their target price on shares of Kronos Worldwide from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, August 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Kronos Worldwide from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, August 17th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KRO. IndexIQ Advisors LLC acquired a new stake in shares of Kronos Worldwide in the 1st quarter valued at about $403,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Kronos Worldwide in the 4th quarter valued at approximately $344,000. Advisors Asset Management Inc. raised its position in shares of Kronos Worldwide by 2.5% during the 4th quarter. Advisors Asset Management Inc. now owns 894,527 shares of the specialty chemicals company’s stock valued at $13,427,000 after acquiring an additional 22,203 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Kronos Worldwide during the first quarter worth $529,000. Finally, WINTON GROUP Ltd acquired a new position in Kronos Worldwide in the first quarter worth $185,000. 15.33% of the stock is currently owned by institutional investors.

Kronos Worldwide Company Profile

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Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.

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