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

Kewaunee Scientific Co. (NASDAQ:KEQU) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 32,100 shares, a drop of 20.1% from the November 15th total of 40,200 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 19,300 shares, the short-interest ratio is presently 1.7 days.

Analyst Ratings Changes

Separately, StockNews.com lowered Kewaunee Scientific from a “buy” rating to a “hold” rating in a report on Tuesday.

Institutional Investors Weigh In On Kewaunee Scientific

A number of institutional investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management purchased a new position in Kewaunee Scientific during the second quarter valued at $413,000. Dimensional Fund Advisors LP lifted its stake in Kewaunee Scientific by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock valued at $8,378,000 after buying an additional 6,132 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Kewaunee Scientific by 13.4% in the 2nd quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock valued at $4,230,000 after buying an additional 10,580 shares in the last quarter. Heron Bay Capital Management acquired a new stake in Kewaunee Scientific in the 2nd quarter worth about $252,000. Finally, De Lisle Partners LLP increased its stake in Kewaunee Scientific by 36.6% during the 3rd quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock worth $1,446,000 after buying an additional 11,511 shares in the last quarter. Institutional investors and hedge funds own 32.69% of the company’s stock.

Kewaunee Scientific Stock Performance

KEQU traded down $0.61 on Friday, reaching $53.39. The stock had a trading volume of 30,281 shares, compared to its average volume of 17,189. The business’s 50-day moving average price is $37.19 and its two-hundred day moving average price is $42.05. The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.48. Kewaunee Scientific has a 12-month low of $22.59 and a 12-month high of $55.62. The company has a market cap of $153.34 million, a P/E ratio of 8.46 and a beta of 0.80.

Kewaunee Scientific (NASDAQ:KEQU) last announced its quarterly earnings results on Wednesday, September 11th. The technology company reported $0.93 earnings per share for the quarter. Kewaunee Scientific had a return on equity of 27.38% and a net margin of 9.39%. The firm 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.