Linde

LIN

Linde plc is an American-German, Irish-domiciled multinational chemical company. It is the largest industrial gas company by market share and revenue. It serves customers in the healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, electronics and water treatment industries. The company's primary business is the manufacturing and distribution of atmospheric gases, including oxygen, nitrogen, argon, rare gases, and process gases, including carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.The company is a member of the Hydrogen Council, a group of companies investing in hydrogen vehicles. The company expects hydrogen vehicles to compete with electric vehicles such as those produced by Tesla, Inc. and has invested in wind powered plants that convert water to hydrogen.The company was formed by the merger of Linde AG of Germany (founded in 1879) and Praxair (founded in 1907 as Linde Air Products Company) of the United States. The company is ranked 444th on the Fortune Global 500 and 178th on the Forbes Global 2000.

Linde has been a target of short sellers for a while. The current short interest of 1.17% is roughly at the average of the last 12 months (1.40%).