Could Innospec Incorporated (NASDAQ:IOSP) See a Reversal After Less Sellers Came In?

February 14, 2018 - By Adrian Erickson

 Could Innospec Incorporated (NASDAQ:IOSP) See a Reversal After Less Sellers Came In?

The stock of Innospec Incorporated (NASDAQ:IOSP) registered a decrease of 23.58% in short interest. IOSP’s total short interest was 204,500 shares in February as published by FINRA. Its down 23.58% from 267,600 shares, reported previously. With 110,100 shares average volume, it will take short sellers 2 days to cover their IOSP’s short positions. The short interest to Innospec Incorporated’s float is 0.86%.

The stock increased 0.83% or $0.55 during the last trading session, reaching $67.05. About 68,894 shares traded. Innospec Inc. (NASDAQ:IOSP) has risen 30.88% since February 14, 2017 and is uptrending. It has outperformed by 14.18% the S&P500.

Innospec Inc. develops, manufactures, blends, markets, and supplies fuel additives, oilfield chemicals, personal care products, and other specialty chemicals to gas and oil exploration and production, oil refinery, fuel users, personal care formulation, home care, agrochemical and mining formulation, and other chemical and industrial companies worldwide. The company has market cap of $1.62 billion. It operates through four divisions: Fuel Specialties, Performance Chemicals, Oilfield Services, and Octane Additives. It has a 18.52 P/E ratio. The Fuel Specialties segment offers a range of specialty chemical products used as additives in various fuels.

Innospec Inc. (NASDAQ:IOSP) Ratings Coverage

Among 4 analysts covering Innospec (NASDAQ:IOSP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Innospec had 8 analyst reports since October 12, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, October 12 by Monness Crespi & Hardt. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Tuesday, April 5 report. On Tuesday, August 22 the stock rating was upgraded by Monness Crespi & Hardt to “Buy”. Johnson Rice upgraded Innospec Inc. (NASDAQ:IOSP) on Tuesday, November 14 to “Accumulate” rating. The firm has “Neutral” rating given on Thursday, November 9 by Monness Crespi & Hardt. The rating was maintained by Monness Crespi on Friday, November 4 with “Buy”. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, November 9. The rating was downgraded by Monness Crespi on Monday, December 19 to “Neutral”.

More important recent Innospec Inc. (NASDAQ:IOSP) news were published by: Globenewswire.com which released: “Innospec Schedules Fourth Quarter 2017 Earnings Release and Conference Call” on January 09, 2018, also Zacks.com published article titled: “Innospec (IOSP) Q4 Earnings Top Estimates, Sales Up Y/Y”, Digitaljournal.com published: “Innospec Inc. to Host Earnings Call” on February 14, 2018. More interesting news about Innospec Inc. (NASDAQ:IOSP) was released by: Globenewswire.com and their article: “Innospec Reports Fourth Quarter and Full Year 2017 Financial Results” with publication date: February 13, 2018.

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