Graham Co. (NYSE:GHM) Short Interest Up 5.5% in January

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

Graham Price Performance

GHM opened at $45.19 on Tuesday. The firm has a market capitalization of $492.12 million, a PE ratio of 63.65 and a beta of 0.71. Graham has a fifty-two week low of $20.71 and a fifty-two week high of $49.28. The company’s 50-day moving average is $44.21 and its 200 day moving average is $36.06.

Graham (NYSE:GHM) last announced its earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.13. The company had revenue of $53.56 million for the quarter, compared to analysts’ expectations of $50.50 million. Graham had a return on equity of 7.91% and a net margin of 3.95%. During the same quarter in the previous year, the firm earned $0.04 earnings per share. As a group, analysts expect that Graham will post 1.03 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GHM. SG Americas Securities LLC purchased a new position in shares of Graham in the 3rd quarter worth approximately $112,000. BNP Paribas Financial Markets boosted its position 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 purchasing an additional 1,374 shares during the last quarter. MetLife Investment Management LLC grew its stake in Graham by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 3,388 shares during the period. Baader Bank Aktiengesellschaft purchased a new stake in shares of Graham during the 4th quarter valued at $203,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Graham by 57.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 2,774 shares during the period. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

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.