Park Aerospace Corp. (NYSE:PKE) Short Interest Update

Park Aerospace Corp. (NYSE:PKE) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 229,000 shares, a growth of 15.7% from the January 15th total of 197,900 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 58,500 shares, the days-to-cover ratio is presently 3.9 days.

Park Aerospace Stock Performance

Shares of PKE traded down $0.27 during mid-day trading on Monday, reaching $14.05. 36,997 shares of the company were exchanged, compared to its average volume of 60,378. Park Aerospace has a 52 week low of $11.96 and a 52 week high of $16.96. The stock has a market capitalization of $279.82 million, a PE ratio of 39.02 and a beta of 0.43. The business has a 50 day simple moving average of $14.55 and a two-hundred day simple moving average of $14.04.

Park Aerospace (NYSE:PKE) last released its earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 EPS for the quarter. Park Aerospace had a return on equity of 7.02% and a net margin of 11.90%.

Park Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 4th. Investors of record on Friday, January 3rd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.50 annualized dividend and a yield of 3.56%. Park Aerospace’s dividend payout ratio is currently 138.89%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Park Aerospace from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd.

Institutional Investors Weigh In On Park Aerospace

Several large investors have recently added to or reduced their stakes in PKE. Copeland Capital Management LLC acquired a new stake in Park Aerospace during the third quarter worth approximately $43,000. BNP Paribas Financial Markets acquired a new stake in Park Aerospace during the fourth quarter worth approximately $47,000. Tower Research Capital LLC TRC grew its stake in Park Aerospace by 515.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,112 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 4,282 shares during the period. Parvin Asset Management LLC acquired a new stake in Park Aerospace during the fourth quarter worth approximately $78,000. Finally, SG Americas Securities LLC acquired a new stake in Park Aerospace in the fourth quarter valued at approximately $132,000. Institutional investors and hedge funds own 77.83% of the company’s stock.

About Park Aerospace

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.