Graham Co. (NYSE:GHM) Short Interest Update

Graham Co. (NYSE:GHM) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 100,000 shares, an increase of 5.5% from the December 15th total of 94,800 shares. Based on an average trading volume of 70,200 shares, the short-interest ratio is presently 1.4 days.

Graham Stock Performance

Shares of Graham stock opened at $44.65 on Tuesday. Graham has a 1 year low of $18.90 and a 1 year high of $49.28. The firm’s 50-day simple moving average is $43.52 and its 200-day simple moving average is $34.90. The firm has a market cap of $486.27 million, a PE ratio of 62.89 and a beta of 0.73.

Graham (NYSE:GHM) last released its earnings results on Friday, November 8th. The industrial products company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. Graham had a return on equity of 7.91% and a net margin of 3.95%. The company had revenue of $53.56 million for the quarter, compared to the consensus estimate of $50.50 million. During the same quarter last year, the business posted $0.04 EPS. On average, equities analysts predict that Graham will post 1.03 earnings per share for the current year.

Institutional Trading of Graham

Several institutional investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. bought a new position in shares of Graham in the 2nd quarter worth about $31,000. SG Americas Securities LLC acquired a new stake in Graham during the third quarter worth about $112,000. BNP Paribas Financial Markets lifted its holdings in Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 1,374 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Graham by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock valued at $178,000 after acquiring an additional 3,388 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Graham by 57.3% during the third quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock valued at $225,000 after purchasing an additional 2,774 shares during the last quarter. Institutional investors own 69.46% of the company’s stock.

Graham Company Profile

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.