MillerKnoll, Inc. (NASDAQ:MLKN) Short Interest Down 27.3% in December

MillerKnoll, Inc. (NASDAQ:MLKN) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 2,290,000 shares, a drop of 27.3% from the December 15th total of 3,150,000 shares. Currently, 3.4% of the company’s shares are short sold. Based on an average daily volume of 701,300 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Trading of MillerKnoll

Several large investors have recently bought and sold shares of MLKN. Pacer Advisors Inc. grew its stake in MillerKnoll by 15.3% in the second quarter. Pacer Advisors Inc. now owns 4,015,462 shares of the company’s stock worth $106,370,000 after purchasing an additional 532,427 shares during the period. Disciplined Growth Investors Inc. MN lifted its position in MillerKnoll by 157.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company’s stock valued at $21,110,000 after buying an additional 521,318 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of MillerKnoll by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,392,354 shares of the company’s stock valued at $89,864,000 after buying an additional 377,121 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of MillerKnoll by 127.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock worth $13,557,000 after buying an additional 307,210 shares during the period. Finally, Forager Capital Management LLC boosted its stake in MillerKnoll by 45.9% during the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock worth $23,617,000 after acquiring an additional 300,000 shares in the last quarter. 87.50% of the stock is owned by institutional investors.

MillerKnoll Trading Up 2.0 %

Shares of MillerKnoll stock traded up $0.43 during midday trading on Wednesday, reaching $21.90. 597,483 shares of the company’s stock traded hands, compared to its average volume of 601,220. The company has a market cap of $1.49 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23. The stock has a 50 day moving average of $23.73 and a 200-day moving average of $25.66. MillerKnoll has a 12 month low of $20.89 and a 12 month high of $31.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $970.40 million during the quarter, compared to analyst estimates of $959.60 million. MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 EPS. As a group, equities analysts expect that MillerKnoll will post 2.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised MillerKnoll from a “hold” rating to a “buy” rating in a research report on Wednesday.

About MillerKnoll

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.