Kewaunee Scientific Co. (NASDAQ:KEQU) Short Interest Update

Kewaunee Scientific Co. (NASDAQ:KEQU) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 40,100 shares, a growth of 23.8% from the October 15th total of 32,400 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 22,500 shares, the days-to-cover ratio is presently 1.8 days.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Kewaunee Scientific from a “hold” rating to a “buy” rating in a research note on Saturday.

Institutional Trading of Kewaunee Scientific

Institutional investors have recently added to or reduced their stakes in the company. De Lisle Partners LLP increased its stake in Kewaunee Scientific by 36.6% in the third quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock valued at $1,446,000 after acquiring an additional 11,511 shares during the last quarter. Renaissance Technologies LLC raised its stake in Kewaunee Scientific by 13.4% during the second quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock worth $4,230,000 after acquiring an additional 10,580 shares in the last quarter. Ritholtz Wealth Management bought a new position in Kewaunee Scientific in the 2nd quarter valued at approximately $413,000. State Street Corp bought a new position in shares of Kewaunee Scientific during the third quarter valued at $266,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Kewaunee Scientific by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after buying an additional 6,132 shares during the period. 32.69% of the stock is currently owned by institutional investors.

Kewaunee Scientific Trading Down 0.5 %

Shares of Kewaunee Scientific stock traded down $0.19 during trading on Friday, reaching $37.90. 6,164 shares of the company were exchanged, compared to its average volume of 13,719. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.48. Kewaunee Scientific has a twelve month low of $16.51 and a twelve month high of $55.62. The firm has a market capitalization of $108.77 million, a price-to-earnings ratio of 6.08 and a beta of 0.73. The business has a 50-day moving average price of $34.92 and a 200-day moving average price of $41.56.

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

Kewaunee Scientific Company Profile

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.