Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Sees Large Decrease in Short Interest

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 6,810,000 shares, a drop of 12.7% from the February 28th total of 7,800,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the short-interest ratio is presently 6.1 days. Currently, 2.4% of the company’s shares are sold short.

Sociedad Química y Minera de Chile Trading Down 1.6 %

Shares of SQM stock traded down $0.62 on Thursday, reaching $39.15. 557,373 shares of the stock were exchanged, compared to its average volume of 1,063,808. The stock has a 50 day moving average price of $40.40 and a 200 day moving average price of $39.53. The stock has a market cap of $11.18 billion, a PE ratio of -35.27, a P/E/G ratio of 5.00 and a beta of 1.08. Sociedad Química y Minera de Chile has a one year low of $32.24 and a one year high of $51.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its quarterly earnings data on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.10). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.01 billion. Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. Equities research analysts forecast that Sociedad Química y Minera de Chile will post -1.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Sociedad Química y Minera de Chile

Large investors have recently bought and sold shares of the business. Kestra Investment Management LLC bought a new stake in shares of Sociedad Química y Minera de Chile during the 4th quarter valued at $39,000. Jones Financial Companies Lllp increased its holdings in Sociedad Química y Minera de Chile by 803.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 956 shares during the last quarter. R Squared Ltd acquired a new position in Sociedad Química y Minera de Chile in the fourth quarter valued at about $58,000. National Bank of Canada FI bought a new position in Sociedad Química y Minera de Chile during the fourth quarter worth about $68,000. Finally, Avior Wealth Management LLC grew its position in shares of Sociedad Química y Minera de Chile by 104.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company’s stock worth $77,000 after buying an additional 1,085 shares during the period. 12.41% of the stock is currently owned by institutional investors and hedge funds.

About Sociedad Química y Minera de Chile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.