Kewaunee Scientific Co. (NASDAQ:KEQU) Sees Large Growth in Short Interest

Kewaunee Scientific Co. (NASDAQ:KEQU) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 33,100 shares, a growth of 68.9% from the September 15th total of 19,600 shares. Based on an average daily trading volume, of 30,900 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.6% of the shares of the stock are short sold.

Kewaunee Scientific Trading Up 0.1 %

NASDAQ:KEQU traded up $0.03 during trading hours on Monday, reaching $33.03. The company’s stock had a trading volume of 7,181 shares, compared to its average volume of 17,701. The firm has a 50-day simple moving average of $43.04 and a 200-day simple moving average of $41.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.00 and a current ratio of 2.53. Kewaunee Scientific has a 1 year low of $16.51 and a 1 year high of $55.62. The firm has a market capitalization of $93.81 million, a price-to-earnings ratio of 5.20 and a beta of 0.72.

Kewaunee Scientific (NASDAQ:KEQU) last released its earnings results on Wednesday, September 11th. The technology company reported $0.93 earnings per share for the quarter. Kewaunee Scientific had a return on equity of 25.87% and a net margin of 9.13%. The company had revenue of $48.39 million during the quarter.

Institutional Trading of Kewaunee Scientific

A number of institutional investors have recently made changes to their positions in the stock. Ritholtz Wealth Management bought a new stake in Kewaunee Scientific during the 2nd quarter valued at $413,000. Dimensional Fund Advisors LP increased its position in shares of Kewaunee Scientific by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock valued at $8,378,000 after acquiring an additional 6,132 shares during the period. Renaissance Technologies LLC raised its stake in shares of Kewaunee Scientific by 13.4% during the second quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock valued at $4,230,000 after acquiring an additional 10,580 shares during the last quarter. Finally, Heron Bay Capital Management purchased a new stake in shares of Kewaunee Scientific during the second quarter worth about $252,000. Hedge funds and other institutional investors own 32.69% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Kewaunee Scientific from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 28th.

About Kewaunee Scientific

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.