After Reaching Milestone, Is Platform Specialty Products Corporation (NYSE:PAH)’s Short Interest Revealing Something?

August 9, 2018 - By Mark Babin

Platform Specialty Products Corporation (NYSE:PAH) Logo

Investors sentiment decreased to 1 in Q1 2018. Its down 0.35, from 1.35 in 2017Q4. It dropped, as 41 investors sold Platform Specialty Products Corporation shares while 48 reduced holdings. 31 funds opened positions while 58 raised stakes. 255.74 million shares or 3.61% more from 246.84 million shares in 2017Q4 were reported.
Stratos Wealth Prns Ltd, Ohio-based fund reported 17 shares. Legal & General Grp Inc Plc holds 0% or 158,282 shares. State Of Alaska Department Of Revenue accumulated 0% or 19,830 shares. James Inv owns 6,687 shares. Rbf Capital Ltd Llc, a California-based fund reported 17,700 shares. Comml Bank Of Nova Scotia stated it has 1.05M shares. Morgan Stanley reported 0.02% in Platform Specialty Products Corporation (NYSE:PAH). California State Teachers Retirement Systems has 350,181 shares for 0.01% of their portfolio. Kamunting Street Capital Lp reported 1.97% stake. Towerview Llc reported 0.11% of its portfolio in Platform Specialty Products Corporation (NYSE:PAH). Glenview Cap Management Ltd invested in 0.76% or 13.41 million shares. 50,842 were reported by Teacher Retirement Sys Of Texas. Two Sigma Securities Ltd Liability Com reported 13,998 shares. Independent Inc, New York-based fund reported 75,875 shares. Tower Rech Limited Liability Corp (Trc), New York-based fund reported 1,600 shares.

The stock of Platform Specialty Products Corporation (NYSE:PAH) registered a decrease of 8.11% in short interest. PAH’s total short interest was 25.84M shares in August as published by FINRA. Its down 8.11% from 28.12M shares, reported previously. With 3.06M shares average volume, it will take short sellers 8 days to cover their PAH’s short positions. The short interest to Platform Specialty Products Corporation’s float is 11.13%.

The stock decreased 0.56% or $0.07 during the last trading session, reaching $12.32. About 4.84 million shares traded or 44.86% up from the average. Platform Specialty Products Corporation (NYSE:PAH) has declined 9.77% since August 9, 2017 and is downtrending. It has underperformed by 22.34% the S&P500.

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. The company has market cap of $3.55 billion. It operates through two divisions, Performance Solutions and Agricultural Solutions. It currently has negative earnings. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

Platform Specialty Products Corporation (NYSE:PAH) Ratings Coverage

Among 2 analysts covering Platform Specialty Products (NYSE:PAH), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Platform Specialty Products had 2 analyst reports since June 7, 2018 according to SRatingsIntel. On Monday, July 23 the stock rating was downgraded by Goldman Sachs to “Neutral”.

More recent Platform Specialty Products Corporation (NYSE:PAH) news were published by: Seekingalpha.com which released: “Saga Partners Quarterly Report Q2 2018” on August 07, 2018. Also Globenewswire.com published the news titled: “Platform Specialty Products Corporation Announces Second Quarter 2018 Financial Results” on August 02, 2018. Globenewswire.com‘s news article titled: “Platform Specialty Products Corporation Announces Sale of Arysta LifeScience” with publication date: July 20, 2018 was also an interesting one.

Platform Specialty Products Corporation (NYSE:PAH) Institutional Positions Chart

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