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

Kewaunee Scientific Co. (NASDAQ:KEQU) was the target of a large drop in short interest in 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. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 19,300 shares, the short-interest ratio is currently 1.7 days.

Kewaunee Scientific Trading Down 1.1 %

NASDAQ KEQU traded down $0.61 during mid-day trading on Friday, reaching $53.39. 30,281 shares of the stock were exchanged, compared to its average volume of 17,189. Kewaunee Scientific has a 1-year low of $22.59 and a 1-year high of $55.62. The business’s fifty day simple moving average is $37.63 and its 200 day simple moving average is $42.15. The stock has a market capitalization of $153.34 million, a PE ratio of 8.46 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.00 and a current ratio of 2.53.

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 firm had revenue of $48.39 million for the quarter. Kewaunee Scientific had a net margin of 9.39% and a return on equity of 27.38%.

Hedge Funds Weigh In On Kewaunee Scientific

Hedge funds have recently made changes to their positions in the stock. Barclays PLC acquired a new position in shares of Kewaunee Scientific in the 3rd quarter valued at $121,000. Heron Bay Capital Management acquired a new position in shares of Kewaunee Scientific in the 2nd quarter valued at $252,000. State Street Corp acquired a new position in shares of Kewaunee Scientific in the 3rd quarter valued at $266,000. Ritholtz Wealth Management lifted its holdings in shares of Kewaunee Scientific by 24.6% during the 3rd quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock valued at $363,000 after acquiring an additional 2,156 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Kewaunee Scientific by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company’s stock valued at $792,000 after acquiring an additional 1,941 shares in the last quarter. Institutional investors and hedge funds own 32.69% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Kewaunee Scientific from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

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.