National Presto Industries, Inc. (NYSE:NPK) Short Interest Down 17.2% in August

National Presto Industries, Inc. (NYSE:NPK) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 88,100 shares, a decrease of 17.2% from the July 31st total of 106,400 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily volume of 45,500 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of National Presto Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd increased its stake in shares of National Presto Industries by 264.9% in the second quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock worth $55,000 after purchasing an additional 535 shares in the last quarter. Mather Group LLC. purchased a new position in shares of National Presto Industries in the second quarter valued at about $68,000. SG Americas Securities LLC purchased a new position in shares of National Presto Industries in the first quarter valued at about $137,000. EntryPoint Capital LLC bought a new position in shares of National Presto Industries in the first quarter worth about $152,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of National Presto Industries during the first quarter worth about $210,000. Hedge funds and other institutional investors own 58.57% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of National Presto Industries from a “hold” rating to a “buy” rating in a report on Thursday, July 11th.

National Presto Industries Price Performance

NYSE:NPK opened at $78.29 on Friday. National Presto Industries has a one year low of $69.58 and a one year high of $86.08. The business has a fifty day moving average price of $74.32 and a 200-day moving average price of $77.14. The firm has a market capitalization of $555.70 million, a price-to-earnings ratio of 17.28 and a beta of 0.58.

National Presto Industries Company Profile

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.