Short Interest in Kewaunee Scientific Co. (NASDAQ:KEQU) Increases By 23.8%

Kewaunee Scientific Co. (NASDAQ:KEQU) saw a significant growth in short interest in the month of 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. Based on an average daily volume of 22,500 shares, the short-interest ratio is presently 1.8 days. Approximately 1.9% of the shares of the company are short sold.

Kewaunee Scientific Stock Down 0.5 %

KEQU traded down $0.19 during midday trading on Friday, hitting $37.90. 6,164 shares of the company’s stock traded hands, compared to its average volume of 13,719. The company has a market cap of $108.77 million, a PE ratio of 6.08 and a beta of 0.73. The stock’s fifty day simple moving average is $34.92 and its 200-day simple moving average is $41.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.53 and a quick ratio of 2.00. Kewaunee Scientific has a one year low of $16.51 and a one year high of $55.62.

Kewaunee Scientific (NASDAQ:KEQU) last announced its earnings results on Wednesday, September 11th. The technology company reported $0.93 earnings per share (EPS) for the quarter. The business 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%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Kewaunee Scientific

Several hedge funds and other institutional investors have recently made changes to their positions in KEQU. Barclays PLC acquired a new stake in Kewaunee Scientific during the 3rd quarter worth $121,000. Heron Bay Capital Management acquired a new position in shares of Kewaunee Scientific during the 2nd quarter worth about $252,000. State Street Corp acquired a new stake in shares of Kewaunee Scientific in the third quarter valued at approximately $266,000. Ritholtz Wealth Management bought a new position in Kewaunee Scientific during the second quarter worth $413,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Kewaunee Scientific by 8.9% during the third quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company’s stock worth $792,000 after acquiring an additional 1,941 shares during the period. 32.69% of the stock is owned by institutional investors and hedge funds.

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.