Burnham Holdings, Inc. (OTCMKTS:BURCA) Sees Significant Decline in Short Interest

Burnham Holdings, Inc. (OTCMKTS:BURCA) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 2,100 shares, a decline of 8.7% from the October 15th total of 2,300 shares. Based on an average trading volume of 2,200 shares, the short-interest ratio is presently 1.0 days.

Burnham Price Performance

BURCA stock traded down $0.27 on Monday, reaching $13.53. 45,100 shares of the company’s stock were exchanged, compared to its average volume of 3,043. The stock has a fifty day moving average of $13.76 and a 200-day moving average of $13.16. The company has a quick ratio of 1.04, a current ratio of 3.17 and a debt-to-equity ratio of 0.44. The firm has a market cap of $45.32 million, a PE ratio of 7.01 and a beta of 0.33. Burnham has a twelve month low of $11.50 and a twelve month high of $15.01.

Burnham (OTCMKTS:BURCA) last announced its quarterly earnings results on Thursday, October 24th. The industrial products company reported $0.12 earnings per share for the quarter. Burnham had a return on equity of 8.83% and a net margin of 3.51%. The business had revenue of $64.69 million during the quarter.

About Burnham

Burnham Holdings, Inc designs, manufactures, and sells boilers and related heating, ventilation, and air conditioning products and accessories for residential, commercial, and industrial applications in the United States and internationally. Its residential hydronic heating products include cast iron, stainless steel, and steel boilers; cast iron and steel heat distribution products; radiators; and warm air furnaces and central air conditioning systems for the residential heating and cooling markets, including units for the manufactured housing industry.