Short Interest in NL Industries, Inc. (NYSE:NL) Grows By 20.6%

NL Industries, Inc. (NYSE:NL) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 117,104 shares, a growth of 20.6% from the December 31st total of 97,120 shares. Based on an average daily volume of 89,737 shares, the short-interest ratio is currently 1.3 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 89,737 shares, the short-interest ratio is currently 1.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NL Industries in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

NL Industries Price Performance

Shares of NYSE NL traded up $0.28 during mid-day trading on Tuesday, hitting $6.20. The company had a trading volume of 34,835 shares, compared to its average volume of 78,566. The company has a market capitalization of $302.93 million, a PE ratio of 31.00 and a beta of 0.27. NL Industries has a 1-year low of $5.04 and a 1-year high of $9.27. The business’s 50-day simple moving average is $5.80 and its 200 day simple moving average is $5.98.

NL Industries (NYSE:NL) last released its earnings results on Thursday, November 6th. The basic materials company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.34). The company had revenue of $40.00 million for the quarter. NL Industries had a return on equity of 2.36% and a net margin of 6.10%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC increased its position in shares of NL Industries by 70.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 93,864 shares of the basic materials company’s stock valued at $577,000 after purchasing an additional 38,640 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of NL Industries during the second quarter worth $158,000. Bridgeway Capital Management LLC grew its stake in shares of NL Industries by 9.6% during the third quarter. Bridgeway Capital Management LLC now owns 276,064 shares of the basic materials company’s stock worth $1,698,000 after purchasing an additional 24,132 shares in the last quarter. Millennium Management LLC increased its holdings in NL Industries by 179.0% in the third quarter. Millennium Management LLC now owns 33,077 shares of the basic materials company’s stock valued at $203,000 after buying an additional 21,223 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in NL Industries in the third quarter valued at $126,000. Hedge funds and other institutional investors own 10.67% of the company’s stock.

NL Industries Company Profile

NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.

NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.