Could Ingevity Corporation (NYSE:NGVT) Go Up After Its Newest Short Interest Report?

January 2, 2018 - By Henry Gaston

 Could Ingevity Corporation (NYSE:NGVT) Go Up After Its Newest Short Interest Report?

The stock of Ingevity Corporation (NYSE:NGVT) registered an increase of 9.98% in short interest. NGVT’s total short interest was 284,300 shares in January as published by FINRA. Its up 9.98% from 258,500 shares, reported previously. With 252,700 shares average volume, it will take short sellers 1 days to cover their NGVT’s short positions.

The stock decreased 0.86% or $0.61 during the last trading session, reaching $70.47. About 173,474 shares traded. Ingevity Corporation (NYSE:NGVT) has risen 127.90% since January 2, 2017 and is uptrending. It has outperformed by 111.20% the S&P500.

Ingevity Corporation manufactures and sells specialty chemicals and carbon materials in the United States and internationally. The company has market cap of $2.97 billion. It operates through two divisions, Performance Materials and Performance Chemicals. It has a 31.89 P/E ratio. The Performance Materials segment engineers, makes, and sells wood chemically activated carbon products used in gasoline vapor emission control systems.

Ingevity Corporation (NYSE:NGVT) Ratings Coverage

Among 6 analysts covering Ingevity (NYSE:NGVT), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Ingevity had 7 analyst reports since June 1, 2016 according to SRatingsIntel. Jefferies initiated Ingevity Corporation (NYSE:NGVT) on Friday, September 23 with “Buy” rating. The stock of Ingevity Corporation (NYSE:NGVT) has “Buy” rating given on Friday, June 10 by BB&T Capital. The company was initiated on Tuesday, November 22 by Aegis Capital. Oppenheimer initiated Ingevity Corporation (NYSE:NGVT) on Wednesday, June 1 with “Outperform” rating. The stock of Ingevity Corporation (NYSE:NGVT) earned “Buy” rating by Aegis Capital on Friday, April 7. Loop Capital initiated Ingevity Corporation (NYSE:NGVT) on Friday, September 29 with “Buy” rating. Buckingham Research initiated Ingevity Corporation (NYSE:NGVT) on Friday, September 23 with “Neutral” rating.

Another recent and important Ingevity Corporation (NYSE:NGVT) news was published by Seekingalpha.com which published an article titled: “Ingevity Corporation: High Risk, High Reward” on May 13, 2017.

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