Fri Sep 20 07:17:03 UTC 2024: ## Croda International Sees Drop in Short Interest
**London, September 20, 2024** – Croda International Plc (OTCMKTS:COIHY), a global leader in speciality chemicals, experienced a notable decrease in short interest during August. According to data released today, short interest fell by 6.5% to 4,300 shares as of August 31st, down from 4,600 shares on August 15th.
This decline in short interest suggests a potential shift in investor sentiment towards a more bullish outlook on the company. With an average trading volume of 12,700 shares, the days-to-cover ratio currently stands at a low 0.3 days. This indicates that short-sellers would need less than half a day to cover their positions, potentially signaling a decreased likelihood of a significant price drop.
Croda International, which operates in the consumer care, life science, and industrial specialty markets, also recently announced a dividend of $0.2635 per share payable on October 23rd to shareholders of record as of September 6th.
The company’s stock opened at $26.99 on Friday, with a 12-month low of $23.96 and a 12-month high of $33.52. Croda’s strong financial position is reflected in its current ratio of 2.84, quick ratio of 1.77, and debt-to-equity ratio of 0.25.
The company’s recent performance and positive financial indicators suggest that the drop in short interest could be a sign of growing investor confidence in Croda International.
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