Kronos Worldwide, Inc. (NYSE:KRO) Short Interest Update

Kronos Worldwide, Inc. (NYSE:KRO) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 963,700 shares, a drop of 5.5% from the September 30th total of 1,020,000 shares. Based on an average daily volume of 195,000 shares, the short-interest ratio is currently 4.9 days. Currently, 4.5% of the shares of the stock are short sold.

Kronos Worldwide Stock Up 0.8 %

Kronos Worldwide stock traded up $0.09 during trading on Thursday, reaching $11.64. The stock had a trading volume of 42,707 shares, compared to its average volume of 223,690. Kronos Worldwide has a 52-week low of $6.75 and a 52-week high of $14.50. The business has a 50 day moving average price of $11.65 and a 200 day moving average price of $12.10. The company has a quick ratio of 1.98, a current ratio of 3.61 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.34 billion, a PE ratio of -50.22 and a beta of 1.15.

Kronos Worldwide (NYSE:KRO) last announced its earnings results on Wednesday, August 7th. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). The business had revenue of $500.50 million for the quarter, compared to analyst estimates of $504.19 million. Kronos Worldwide had a return on equity of 0.24% and a net margin of 0.11%. On average, analysts predict that Kronos Worldwide will post 0.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their price objective on Kronos Worldwide from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Kronos Worldwide has a consensus rating of “Hold” and a consensus price target of $12.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC raised its holdings in shares of Kronos Worldwide by 83.3% during the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock worth $55,000 after purchasing an additional 2,000 shares during the period. Quest Partners LLC boosted its stake in shares of Kronos Worldwide by 9,905.7% during the 2nd quarter. Quest Partners LLC now owns 8,805 shares of the specialty chemicals company’s stock worth $111,000 after acquiring an additional 8,717 shares in the last quarter. Jade Capital Advisors LLC bought a new position in Kronos Worldwide in the 3rd quarter worth approximately $124,000. The Manufacturers Life Insurance Company bought a new stake in shares of Kronos Worldwide during the second quarter valued at approximately $131,000. Finally, XTX Topco Ltd acquired a new position in Kronos Worldwide during the second quarter worth $175,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.