Today Balchem Corporation (NASDAQ:BCPC) Reported Decrease in Shorted Shares

December 8, 2017 - By Darrin Black

 Today Balchem Corporation (NASDAQ:BCPC) Reported Decrease in Shorted Shares

Investors sentiment decreased to 1.14 in 2017 Q2. Its down 0.02, from 1.16 in 2017Q1. It dived, as 20 investors sold Balchem Corporation shares while 56 reduced holdings. 24 funds opened positions while 63 raised stakes. 26.48 million shares or 2.22% less from 27.08 million shares in 2017Q1 were reported.
State Of Tennessee Treasury Department holds 62,672 shares. Massmutual Fsb Adv has 300 shares. Oppenheimer Asset Mgmt has 0.01% invested in Balchem Corporation (NASDAQ:BCPC) for 5,133 shares. Metropolitan Life Insurance Company New York reported 21,363 shares. California State Teachers Retirement Systems owns 0.01% invested in Balchem Corporation (NASDAQ:BCPC) for 56,170 shares. Amalgamated State Bank invested in 4,381 shares or 0.01% of the stock. Martin & Inc Tn invested in 12,195 shares. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 997 shares. Geode Lc reported 272,019 shares stake. Eqis Capital Inc accumulated 6,429 shares. Pub Employees Retirement Association Of Colorado reported 0% in Balchem Corporation (NASDAQ:BCPC). Envestnet Asset Management has 14,540 shares. Great West Life Assurance Company Can invested in 0.01% or 45,991 shares. Fifth Third Financial Bank stated it has 2,377 shares or 0% of all its holdings. The New York-based Tompkins Fincl Corporation has invested 0% in Balchem Corporation (NASDAQ:BCPC).

Since June 15, 2017, it had 0 insider buys, and 1 insider sale for $207,334 activity.

The stock of Balchem Corporation (NASDAQ:BCPC) registered a decrease of 25.93% in short interest. BCPC’s total short interest was 871,600 shares in December as published by FINRA. Its down 25.93% from 1.18M shares, reported previously. With 62,700 shares average volume, it will take short sellers 14 days to cover their BCPC’s short positions. The short interest to Balchem Corporation’s float is 2.78%.

The stock decreased 0.24% or $0.2 during the last trading session, reaching $84.53. About 87,979 shares traded or 7.73% up from the average. Balchem Corporation (NASDAQ:BCPC) has risen 37.77% since December 8, 2016 and is uptrending. It has outperformed by 21.07% the S&P500.

Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, and medical sterilization industries in the United States and internationally. The company has market cap of $2.71 billion. The companyÂ’s Human Nutrition & Health segment offers creamer systems, dairy replacers, powdered fats, nutritional beverage bases, beverages, juice and dairy bases, chocolate systems, ice cream bases and variegates, cereals, grain based snacks, and cereal based ingredients; microencapsulation solutions; and human grade choline nutrients and mineral amino acid chelated products for wellness applications. It has a 42.69 P/E ratio. The Company’s Animal Nutrition & Health segment provides microencapsulated products that enhance health and milk production in ruminant animals; chelation technology, which provides enhanced nutrient absorption for species; and choline chloride, an essential nutrient for monogastric animal health.

Balchem Corporation (NASDAQ:BCPC) Ratings Coverage

Among 2 analysts covering Balchem (NASDAQ:BCPC), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Balchem has $60 highest and $6000 lowest target. $60’s average target is -29.02% below currents $84.53 stock price. Balchem had 3 analyst reports since March 8, 2016 according to SRatingsIntel. The firm has “Sell” rating given on Friday, August 4 by Pivotal Research. The rating was downgraded by Sidoti to “Neutral” on Tuesday, March 8. Pivotal Research downgraded it to “Sell” rating and $60 target in Friday, November 4 report.

More important recent Balchem Corporation (NASDAQ:BCPC) news were published by: Globenewswire.com which released: “Balchem Corporation Reports Third Quarter Sales of $150.7 Million with Record …” on November 07, 2017, also Globenewswire.com published article titled: “Balchem Corporation Announces Quarterly Conference Call for Second Quarter …”, Globenewswire.com published: “Balchem Corporation Acquires Innovative Food Processors, Inc.” on June 02, 2017. More interesting news about Balchem Corporation (NASDAQ:BCPC) was released by: Fool.com and their article: “Health Products Drive Balchem Corporation’s Growth” with publication date: March 01, 2017.

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