Trading volume for Israel Chemicals Ltd was 300K on Tuesday. Shares saw a steep increase in trading volume of 86.08% over the normal average daily volume.
Investors are a little more bullish on shares of Israel Chemicals Ltd of late as shown by the downtick in short interest. The stock realized a fall in short interest from October 13, 2017 to October 31, 2017 of -7.05%. Short interest decreased 670,653 over that timeframe. With short interest at 8,839,088 and short average daily volume at 193,278, the short-interest ratio is 46.0 and the percentage of shorted shares was 0.01% on October 31.
These firms have modified their investment in ICL. As of quarter end Wellington Management Group Llp had sold a total of 3,534 shares trimming its position 21.4%. The value of the investment in ICL went from $78,000 to $57,000 decreasing 26.9% quarter to quarter. As of the end of the quarter Alliancebernstein L.P. had disposed of 89,703 shares trimming its stake by 26.8%. The value in dollars decreased from $1,586,000 to $1,090,000 a change of 31.3% for the reporting period.
Caisse DE Depot ET Placement DU Quebec augmented its investment by buying 21,486 shares an increase of 2.0%. Caisse DE Depot ET Placement DU Quebec currently owns 1,103,417 shares valued at $4,918,000. The value of the position overall is down by 3.4%. As of the end of the quarter Edmond De Rothschild Holding S.a. had acquired 8,600 shares growing its holdings by 6.0%. The value of the investment in (ICL) increased from $673,000 to $674,000 a change of $1,000 quarter over quarter.
October 6 investment analysts at BMO Capital Markets reiterated a “Hold” rating on the stock. September 1 investment analysts at BMO Capital Markets made no change to the company rating of “Hold” projecting a price of $4.50.
The company is trading down by 1.22% percent from yesterday’s close. Israel Chemicals Ltd’s P/E ratio is 20.57 and the market cap of the company is 17.51B. In the last earnings report the EPS was $0.67 with 1.27B shares currently outstanding.
Israel Chemicals Ltd. operates as a specialty minerals company worldwide. The company operates through three segments: Fertilizers, Industrial Products, and Performance Products. The Fertilizers segment extracts potash from the Dead Sea; mines and produces potash and salt from subterranean mines, as well as uses part of the potash to produce compound fertilizers; mines and processes phosphate rock in open mines; and produces sulfuric acid, agricultural phosphoric acid, phosphate fertilizers, compound fertilizers, liquid fertilizers, and soluble fertilizers. It also manufactures compound fertilizers in the Netherlands, Germany, and Belgium; liquid fertilizers and soluble fertilizers in Spain; slow release and controlled release fertilizers in the Netherlands and the United States; and phosphate-based food additives for livestock in Turkey and Israel. The Industrial Products segment produces bromine out of a solution that is created as a by-product of the potash production process in Sodom, as well as bromine-based compounds; chlorine-based products in Israel and the United States; and flame retardants and phosphorus based products, as well as extracts salt, magnesia, and chlorine from Dead Sea brine. The Performance Products segment purchases clean phosphoric acid and manufactures thermal phosphoric acids, which are used to manufacture downstream products and phosphate salts that are used as a raw material for manufacturing, food additives, hygiene products and flame retardants, and fire extinguishment products. It also manufactures phosphorous derivatives based on phosphorous; specialty products based on aluminum acids; and other raw materials. The company sells its products through marketing companies, agents, and distributors. Israel Chemicals Ltd. was founded in 1968 and is headquartered in Tel Aviv, Israel..