Northern Technologies International Co. (NASDAQ:NTIC) Short Interest Down 21.0% in November

Northern Technologies International Co. (NASDAQ:NTIC) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 114,300 shares, a decline of 21.0% from the October 31st total of 144,700 shares. Based on an average trading volume of 16,800 shares, the short-interest ratio is presently 6.8 days. Approximately 1.5% of the shares of the company are short sold.

Northern Technologies International Price Performance

NASDAQ:NTIC traded up $0.38 during midday trading on Friday, reaching $13.92. 6,181 shares of the company traded hands, compared to its average volume of 31,709. The firm has a market capitalization of $131.82 million, a price-to-earnings ratio of 25.31 and a beta of 0.60. The company has a fifty day moving average price of $12.83 and a 200 day moving average price of $14.14. Northern Technologies International has a twelve month low of $10.08 and a twelve month high of $19.63.

Northern Technologies International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.28 annualized dividend and a dividend yield of 2.01%. Northern Technologies International’s dividend payout ratio is currently 50.91%.

Institutional Trading of Northern Technologies International

A number of large investors have recently modified their holdings of NTIC. Rhumbline Advisers acquired a new position in Northern Technologies International during the 2nd quarter valued at about $114,000. BNP Paribas Financial Markets boosted its position in shares of Northern Technologies International by 392.7% during the third quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company’s stock worth $172,000 after buying an additional 11,128 shares during the period. Panagora Asset Management Inc. bought a new position in Northern Technologies International in the 2nd quarter worth approximately $175,000. Barclays PLC increased its position in Northern Technologies International by 78.4% in the 3rd quarter. Barclays PLC now owns 14,864 shares of the specialty chemicals company’s stock valued at $182,000 after acquiring an additional 6,533 shares during the period. Finally, Ritholtz Wealth Management bought a new stake in Northern Technologies International during the 2nd quarter valued at $251,000. Institutional investors and hedge funds own 32.88% of the company’s stock.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.