Analyzing Intrepid Potash Inc. (IPI) After Recent Trading Activity


Intrepid Potash Inc.’s recently made public that its Executive Chairman & CEO Jornayvaz Robert P III unloaded Company’s shares for reported $0.59 million on May 23. In the deal valued at $20.08 per share,29,300 shares were sold. As a result of this transaction, Jornayvaz Robert P III now holds 1,605,923 shares worth roughly $ 44.47 million.

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Then, Jornayvaz Robert P III sold 41,858 shares, generating $836,004 in total proceeds. Upon selling the shares at $19.97, the Executive Chairman & CEO now owns 1,635,223 shares.

Before that, Jornayvaz Robert P III sold 43,842 shares. Intrepid Potash Inc. shares valued at $863,249 were divested by the Executive Chairman & CEO at a price of $19.69 per share. As a result of the transaction, Jornayvaz Robert P III now holds 1,677,081 shares, worth roughly $46.44 million.

ROTH Capital initiated its Intrepid Potash Inc. [IPI] rating to a Buy in a research note published on Friday, November 04, 2020; the price target was $11. PT values the company’s stock at a premium of -151.73 to its Friday closing price.

Price Performance Review of IPI

On Friday, Intrepid Potash Inc. [NYSE:IPI] saw its stock jump 3.21% to $27.69. On the same session, the stock had its day’s lowest price of $27.06, but rose to a high of $28.00. Over the last five days, the stock has gained 7.91%. Intrepid Potash Inc. shares have fallen nearly -4.09% since the year began. Nevertheless, the stocks have fallen -40.74% over the past one year. While a 52-week high of $47.89 was reached on 02/16/23, a 52-week low of $17.23 was recorded on 06/01/23. SMA at 50 days reached $25.39, while 200 days put it at $27.43. A total of 0.12 million shares were traded, compared to the trading of 0.1 million shares in the previous session.

Levels Of Support And Resistance For IPI Stock

The 24-hour chart illustrates a support level at 27.17, which if violated will result in even more drops to 26.64. On the upside, there is a resistance level at 28.11. A further resistance level may holdings at 28.52. The Relative Strength Index (RSI) on the 14-day chart is 61.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.66%. Stochastics %K at 76.58% indicates the stock is a holding.

How much short interest is there in Intrepid Potash Inc.?

A steep rise in short interest was recorded in Intrepid Potash Inc. stocks on Aug 14, 2023, dropping by -0.14 million shares to a total of 0.55 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.69 million shares. There was a decline of -25.08%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.74% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.87.

Intrepid Potash Inc. [IPI] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 691,937 shares, or roughly 5.26% of the outstanding IPI shares. In other words, the investor’s shares have risen by 7,299 from its previous 13-F filing of 684638.0. Additionally, Dimensional Fund Advisors LP decreased -24.38% of its stake after which the total value it holdings stand at $16,635,878, while The Vanguard Group, Inc. reduced -0.46% of its stake to hold $14.92 million in the firm. Over the last quarter, Federated MDTA LLC purchased 129,189 shares of Intrepid Potash Inc., while First Eagle Investment Management bought 180,038 shares. At present, SSgA Funds Management, Inc. is holding 226,516 shares valued at $6.23 million. Azarias Capital Management LP owned 213,162 shares of the company at the time of its most recent 13F filing, worth $5.86 million.

According to FactSet, Intrepid Potash Inc.’s share price will average $21.50 in the next year, based on opinions of analysts polled by the firm. This is down nearly -19.87 percent from its previous closing price of $26.83. Analysts expect Intrepid Potash Inc. stock to reach the higher price of $25.00, while the lowest price estimate is $18.00. However, 3 analysts have rated IPI stock as an Underweight in their predictions for 2023.


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