Kewaunee Scientific Corporation (NASDAQ:KEQU) Short Interest Update

Kewaunee Scientific Corporation (NASDAQ:KEQU) was the target of a large increase in short interest in August. As of August 15th, there was short interest totaling 53,300 shares, an increase of 32.9% from the July 31st total of 40,100 shares. Approximately 2.5% of the shares of the stock are sold short. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is presently 4.8 days. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is presently 4.8 days. Approximately 2.5% of the shares of the stock are sold short.

Insider Buying and Selling

In other Kewaunee Scientific news, CFO Donald T. Gardner III sold 3,000 shares of the business’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $58.59, for a total value of $175,770.00. Following the sale, the chief financial officer owned 14,564 shares in the company, valued at $853,304.76. The trade was a 17.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.30% of the stock is currently owned by insiders.

Institutional Trading of Kewaunee Scientific

A number of large investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in Kewaunee Scientific during the 4th quarter valued at about $300,000. Bank of America Corp DE grew its holdings in Kewaunee Scientific by 2,605.9% during the 4th quarter. Bank of America Corp DE now owns 460 shares of the technology company’s stock valued at $28,000 after purchasing an additional 443 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Kewaunee Scientific by 42.2% during the 1st quarter. Ritholtz Wealth Management now owns 17,949 shares of the technology company’s stock valued at $707,000 after purchasing an additional 5,330 shares during the last quarter. IFP Advisors Inc grew its holdings in Kewaunee Scientific by 61.5% during the 1st quarter. IFP Advisors Inc now owns 945 shares of the technology company’s stock valued at $37,000 after purchasing an additional 360 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Kewaunee Scientific by 43.4% during the 1st quarter. American Century Companies Inc. now owns 49,182 shares of the technology company’s stock valued at $1,937,000 after purchasing an additional 14,889 shares during the last quarter. 32.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Kewaunee Scientific from a “hold” rating to a “buy” rating in a research note on Saturday, July 5th.

Kewaunee Scientific Stock Performance

Kewaunee Scientific stock opened at $53.68 on Wednesday. The company’s 50-day moving average price is $56.56 and its 200-day moving average price is $46.00. Kewaunee Scientific has a twelve month low of $30.33 and a twelve month high of $71.33. The company has a quick ratio of 1.59, a current ratio of 2.20 and a debt-to-equity ratio of 0.92. The company has a market cap of $158.36 million, a PE ratio of 14.02 and a beta of 0.75.

Kewaunee Scientific (NASDAQ:KEQU) last posted its earnings results on Wednesday, June 25th. The technology company reported $1.95 earnings per share for the quarter. Kewaunee Scientific had a net margin of 4.74% and a return on equity of 26.02%. The firm had revenue of $77.15 million for 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.