What Next for Albemarle Corporation (NYSE:ALB) Stock After Decrease in Shorted Shares?

October 2, 2018 - By olga

Albemarle Corporation (NYSE:ALB) Logo

Investors sentiment increased to 1.22 in Q2 2018. Its up 0.23, from 0.99 in 2018Q1. It increased, as 41 investors sold Albemarle Corporation shares while 139 reduced holdings. 60 funds opened positions while 160 raised stakes. 96.11 million shares or 3.03% more from 93.28 million shares in 2018Q1 were reported.
Laurel Grove Ltd has invested 0.25% in Albemarle Corporation (NYSE:ALB). Legal & General Gru Plc reported 0.04% of its portfolio in Albemarle Corporation (NYSE:ALB). Grimes And Com owns 51,083 shares for 0.43% of their portfolio. Stoneridge Inv Prtnrs Lc reported 0.94% of its portfolio in Albemarle Corporation (NYSE:ALB). Pub Employees Retirement Of Ohio holds 0.06% or 131,695 shares in its portfolio. 51,021 were reported by Aperio Group Limited Co. Plancorp invested 0.17% of its portfolio in Albemarle Corporation (NYSE:ALB). Hanson Mcclain Inc owns 121 shares or 0% of their US portfolio. Glenmede Tru Na accumulated 7,314 shares or 0% of the stock. Keybank Natl Association Oh accumulated 27,684 shares. Swiss Savings Bank holds 0.04% of its portfolio in Albemarle Corporation (NYSE:ALB) for 365,606 shares. Proshare Advisors Lc holds 0.01% or 22,827 shares. Essex Investment Mngmt Lc reported 47,045 shares stake. Franklin reported 9.19M shares stake. Lowe Brockenbrough & holds 7,073 shares.

Since September 4, 2018, it had 0 insider purchases, and 1 insider sale for $301,041 activity.

The stock of Albemarle Corporation (NYSE:ALB) registered a decrease of 3.36% in short interest. ALB’s total short interest was 15.47M shares in October as published by FINRA. Its down 3.36% from 16.01M shares, reported previously. With 1.30M shares average volume, it will take short sellers 12 days to cover their ALB’s short positions. The short interest to Albemarle Corporation’s float is 14.33%.

The stock increased 1.06% or $1.06 during the last trading session, reaching $100.84. About 759,581 shares traded. Albemarle Corporation (NYSE:ALB) has declined 20.20% since October 2, 2017 and is downtrending. It has underperformed by 35.82% the S&P500.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. The company has market cap of $10.94 billion. The firm offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties and reagents for applications in lithium batteries, high performance greases, thermoplastic elastomers for car tires, rubber soles and plastic bottles, catalysts for chemical reactions, organic synthesis processes, life science, pharmaceutical, and other markets; cesium products for the chemical and pharmaceutical industries; and zirconium, barium, and titanium products for pyrotechnical applications. It has a 33.66 P/E ratio. It also makes cesium products for the chemical and pharmaceutical industries; and zirconium, barium, and titanium products for various pyrotechnical applications, including airbag igniters; and performance catalyst solutions, such as polymer catalysts, curatives, organometallics, and electronic materials for polyolefin polymers, packaging, non-packaging, films, injection molding, alpha-olefins, electronic materials, solar cells, polyurethanes, epoxies, and other engineered resins markets.

Albemarle Corporation (NYSE:ALB) Ratings Coverage

Among 7 analysts covering Albemarle (NYSE:ALB), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Albemarle had 7 analyst reports since April 10, 2018 according to SRatingsIntel. Citigroup maintained the stock with “Neutral” rating in Tuesday, April 10 report. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, April 12. Robert W. Baird maintained the shares of ALB in report on Tuesday, April 17 with “Buy” rating. The stock of Albemarle Corporation (NYSE:ALB) has “Buy” rating given on Tuesday, April 17 by RBC Capital Markets. The rating was upgraded by SunTrust to “Buy” on Tuesday, September 4. The firm has “Buy” rating by Goldman Sachs given on Tuesday, July 3.

More notable recent Albemarle Corporation (NYSE:ALB) news were published by: Fool.com which released: “SQM vs. Albemarle vs. FMC Corp.: Which Had the Best Lithium Results in Q2?” on September 20, 2018, also Fool.com with their article: “Albemarle Stock Initiated at Sell: What You Need to Know” published on September 26, 2018, Businesswire.com published: “Bank of America and Albemarle Corporation Announce $20 Million Investment in Driving Economic Mobility in Charlotte” on September 27, 2018. More interesting news about Albemarle Corporation (NYSE:ALB) were released by: Fool.com and their article: “FMC’s Livent Lithium IPO and Spinoff: 5 Key Things to Know” published on September 23, 2018 as well as Fool.com‘s news article titled: “Why Lithium Stock SQM Dropped 11.7% in August” with publication date: September 06, 2018.

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart

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