Short Interest in Hamilton Beach Brands Holding (NYSE:HBB) Rises By 5.3%

Hamilton Beach Brands Holding (NYSE:HBB) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 229,500 shares, an increase of 5.3% from the July 15th total of 218,000 shares. Based on an average daily trading volume, of 74,800 shares, the short-interest ratio is currently 3.1 days. Currently, 3.5% of the company’s stock are short sold.

Hamilton Beach Brands Stock Performance

Hamilton Beach Brands stock traded down $0.26 during mid-day trading on Friday, reaching $27.33. 65,039 shares of the company were exchanged, compared to its average volume of 56,707. The firm has a market cap of $386.61 million, a P/E ratio of 13.20 and a beta of 0.93. The business has a fifty day moving average of $19.72 and a 200 day moving average of $20.24. Hamilton Beach Brands has a 12-month low of $10.50 and a 12-month high of $29.14.

Institutional Investors Weigh In On Hamilton Beach Brands

A number of hedge funds have recently made changes to their positions in HBB. Russell Investments Group Ltd. lifted its position in Hamilton Beach Brands by 14.3% during the first quarter. Russell Investments Group Ltd. now owns 27,059 shares of the company’s stock valued at $659,000 after acquiring an additional 3,395 shares during the last quarter. Denali Advisors LLC lifted its holdings in shares of Hamilton Beach Brands by 50.0% during the 1st quarter. Denali Advisors LLC now owns 22,500 shares of the company’s stock valued at $548,000 after purchasing an additional 7,500 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Hamilton Beach Brands by 4,150.3% during the 1st quarter. Lazard Asset Management LLC now owns 8,033 shares of the company’s stock valued at $195,000 after purchasing an additional 7,844 shares during the last quarter. XTX Topco Ltd purchased a new position in Hamilton Beach Brands during the 2nd quarter worth $178,000. Finally, Sei Investments Co. purchased a new position in Hamilton Beach Brands during the 2nd quarter worth $181,000. 50.55% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Beach Brands Company Profile

Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.