Graham Co. (NYSE:GHM) Short Interest Up 351.2% in July

Graham Co. (NYSE:GHM) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 244,100 shares, an increase of 351.2% from the June 30th total of 54,100 shares. Based on an average trading volume of 91,900 shares, the days-to-cover ratio is currently 2.7 days.

Graham Stock Up 1.6 %

Shares of Graham stock traded up $0.50 during trading on Thursday, reaching $32.06. The company’s stock had a trading volume of 86,089 shares, compared to its average volume of 85,793. Graham has a 52-week low of $12.53 and a 52-week high of $34.72. The company has a market cap of $348.49 million, a price-to-earnings ratio of 74.56 and a beta of 0.59. The firm’s 50-day moving average is $28.89 and its two-hundred day moving average is $26.36.

Graham (NYSE:GHM) last announced its quarterly earnings data on Friday, June 7th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $49.07 million during the quarter. Graham had a net margin of 2.46% and a return on equity of 4.45%. On average, equities research analysts anticipate that Graham will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Graham from a “buy” rating to a “hold” rating in a research note on Tuesday. Noble Financial initiated coverage on shares of Graham in a report on Monday, June 24th. They set an “outperform” rating and a $35.00 target price on the stock.

Institutional Investors Weigh In On Graham

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP lifted its position in shares of Graham by 7.4% in the 1st quarter. Wasatch Advisors LP now owns 360,726 shares of the industrial products company’s stock worth $9,841,000 after purchasing an additional 24,961 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Graham by 5.7% in the first quarter. First Eagle Investment Management LLC now owns 292,729 shares of the industrial products company’s stock worth $7,986,000 after acquiring an additional 15,833 shares during the period. Essex Investment Management Co. LLC grew its stake in shares of Graham by 1.4% in the first quarter. Essex Investment Management Co. LLC now owns 179,473 shares of the industrial products company’s stock worth $4,896,000 after acquiring an additional 2,437 shares during the period. Acadian Asset Management LLC grew its stake in shares of Graham by 14.8% in the first quarter. Acadian Asset Management LLC now owns 171,371 shares of the industrial products company’s stock worth $4,673,000 after acquiring an additional 22,098 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Graham by 1,640.8% in the first quarter. Hillsdale Investment Management Inc. now owns 147,972 shares of the industrial products company’s stock worth $4,037,000 after buying an additional 139,472 shares during the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

About Graham

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.