Intrepid Potash, Inc. (NYSE:IPI – Get Free Report) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totalling 364,000 shares, a decline of 8.2% from the July 15th total of 396,700 shares. Based on an average daily volume of 93,100 shares, the days-to-cover ratio is presently 3.9 days. Currently, 3.7% of the company’s stock are sold short.
Analyst Ratings Changes
A number of analysts have weighed in on IPI shares. StockNews.com raised Intrepid Potash to a “sell” rating in a research report on Friday, May 10th. BMO Capital Markets lifted their price target on shares of Intrepid Potash from $21.00 to $23.00 and gave the company a “market perform” rating in a research report on Friday, May 10th.
View Our Latest Stock Report on Intrepid Potash
Institutional Inflows and Outflows
Intrepid Potash Stock Performance
Shares of IPI stock traded up $0.54 during trading hours on Monday, hitting $22.31. The company had a trading volume of 42,299 shares, compared to its average volume of 101,153. Intrepid Potash has a 12 month low of $17.52 and a 12 month high of $28.00. The firm’s fifty day moving average is $23.85 and its 200 day moving average is $22.31. The firm has a market capitalization of $296.03 million, a price-to-earnings ratio of -6.60 and a beta of 2.22.
Intrepid Potash (NYSE:IPI – Get Free Report) last posted its earnings results on Monday, August 5th. The basic materials company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.08). The firm had revenue of $62.06 million during the quarter, compared to the consensus estimate of $50.88 million. Intrepid Potash had a negative return on equity of 1.37% and a negative net margin of 15.95%. During the same period in the previous year, the company posted $0.33 EPS. On average, sell-side analysts expect that Intrepid Potash will post 0.18 EPS for the current fiscal year.
About Intrepid Potash
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.
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