Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Short Interest Down 12.7% in March

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its position in Sociedad Química y Minera de Chile by 1,076.3% in the 3rd quarter. FMR LLC now owns 18,726 shares of the basic materials company’s stock valued at $781,000 after purchasing an additional 17,134 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Sociedad Química y Minera de Chile by 15.7% in the third quarter. BNP Paribas Financial Markets now owns 152,048 shares of the basic materials company’s stock valued at $6,337,000 after buying an additional 20,616 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in Sociedad Química y Minera de Chile during the 4th quarter worth about $120,395,000. D.B. Root & Company LLC bought a new stake in Sociedad Química y Minera de Chile during the 4th quarter worth about $252,000. Finally, Atria Wealth Solutions Inc. increased its position in Sociedad Química y Minera de Chile by 55.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 19,275 shares of the basic materials company’s stock valued at $701,000 after acquiring an additional 6,846 shares in the last quarter. 12.41% of the stock is owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Price Performance

Shares of NYSE SQM traded down $0.62 during midday trading on Thursday, reaching $39.15. 557,373 shares of the company traded hands, compared to its average volume of 1,063,808. Sociedad Química y Minera de Chile has a 12 month low of $32.24 and a 12 month high of $51.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. The stock’s 50-day simple moving average is $40.40 and its 200-day simple moving average is $39.53. The firm has a market cap of $11.18 billion, a PE ratio of -35.27, a PEG ratio of 5.00 and a beta of 1.08.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its quarterly earnings results on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share (EPS) 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 negative net margin of 6.74% and a positive return on equity of 16.12%. As a group, equities analysts anticipate that Sociedad Química y Minera de Chile will post -1.31 earnings per share for the current fiscal year.

Sociedad Química y Minera de Chile Company Profile

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.