Northwest Pipe (NASDAQ:NWPX) Short Interest Update

Northwest Pipe (NASDAQ:NWPX) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 151,000 shares, an increase of 24.4% from the January 15th total of 121,400 shares. Based on an average daily volume of 63,000 shares, the short-interest ratio is currently 2.4 days. Approximately 1.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Northwest Pipe

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aquatic Capital Management LLC purchased a new stake in Northwest Pipe during the fourth quarter valued at approximately $30,000. Covestor Ltd lifted its position in Northwest Pipe by 1,857.6% during the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 613 shares during the last quarter. AlphaQuest LLC purchased a new stake in Northwest Pipe during the fourth quarter valued at approximately $31,000. Tower Research Capital LLC TRC lifted its position in Northwest Pipe by 33.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 319 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Northwest Pipe in the third quarter worth $67,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NWPX. Northland Securities increased their price objective on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Northland Capmk downgraded shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st.

Northwest Pipe Stock Up 2.7 %

NASDAQ:NWPX traded up $1.36 during midday trading on Friday, reaching $52.58. 76,947 shares of the stock traded hands, compared to its average volume of 73,061. Northwest Pipe has a 12-month low of $28.52 and a 12-month high of $57.76. The business has a 50-day moving average of $49.72 and a two-hundred day moving average of $47.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The stock has a market capitalization of $521.59 million, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.99 and a beta of 1.05.

About Northwest Pipe

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.