Kewaunee Scientific Co. (NASDAQ:KEQU) Sees Large Increase in Short Interest

Kewaunee Scientific Co. (NASDAQ:KEQU) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 40,100 shares, an increase of 23.8% from the October 15th total of 32,400 shares. Based on an average daily volume of 22,500 shares, the short-interest ratio is presently 1.8 days. Approximately 1.9% of the company’s shares are sold short.

Institutional Trading of Kewaunee Scientific

Several institutional investors have recently made changes to their positions in KEQU. De Lisle Partners LLP boosted its holdings in Kewaunee Scientific by 36.6% during the third quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock worth $1,446,000 after purchasing an additional 11,511 shares during the last quarter. Renaissance Technologies LLC lifted its holdings 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 during the period. Ritholtz Wealth Management purchased a new position in Kewaunee Scientific in the second quarter worth $413,000. State Street Corp bought a new position in Kewaunee Scientific in the 3rd quarter valued at $266,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Kewaunee Scientific by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock valued at $8,378,000 after purchasing an additional 6,132 shares during the last quarter. Institutional investors own 32.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kewaunee Scientific Stock Down 0.5 %

Kewaunee Scientific stock traded down $0.19 during midday trading on Friday, reaching $37.90. The stock had a trading volume of 6,164 shares, compared to its average volume of 13,719. The company has a fifty day moving average price of $34.92 and a two-hundred day moving average price of $41.56. Kewaunee Scientific has a 12 month low of $16.51 and a 12 month high of $55.62. The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $108.77 million, a P/E ratio of 6.08 and a beta of 0.73.

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

About Kewaunee Scientific

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.