LyondellBasell Industries NV (LYB): Price Target and June Short Interest Disclosure

LyondellBasell Industries NV (LYB) : Currently there are 13 street experts covering LyondellBasell Industries NV (LYB) stock. The most bullish and bearish price target for the stock is $115 and $75 respectively for the short term. The average price target of all the analysts comes to $88.31. The estimated standard deviation from the target is $12.01.

The short interest in LyondellBasell Industries NV (LYB) has declined from 12,094,733 on June 15,2016 to 9,786,578 on June 30,2016. The change was measured at 2,308,155 shares or 19.1%. The leftover shorts were 2.8% of the floated shares. The days to cover are 2, given the average daily volume of 4,266,315 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the RBC Capital downgrades the rating on LyondellBasell Industries NV (NYSE:LYB). The brokerage firm has issued a Sector Perform rating on the shares. The rating by the firm was issued on June 27, 2016.


LyondellBasell Industries NV (NYSE:LYB): stock turned positive on Thursday. Though the stock opened at $78, the bulls momentum made the stock top out at $78.4 level for the day. The stock recorded a low of $77.2801 and closed the trading day at $77.61, in the green by 1.11%. The total traded volume for the day was 2,861,499. The stock had closed at $76.76 in the previous days trading.

LyondellBasell Industries N.V. (LyondellBasell) is a global, independent chemical company. The Company operates through five segments: Olefins and Polyolefins-Americas (OandP-Americas), Olefins and Polyolefins-Europe, Asia, International (OandP-EAI), Intermediates and Derivatives (IandD), Refining, and Technology. Its OandP-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefin. Its OandP-EAI segment produces and markets olefins, including ethylene and ethylene co-products, polyolefin and specialty products, including polybutene-1 and polypropylene compounds. Its IandD segment produces and markets propylene oxide and its co-products and derivatives, acetyls, including methanol and ethylene oxide. Its Refining segment refines heavy, high-sulfur crude oil. Its Technology segment develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts.

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