Graham Co. (NYSE:GHM) Sees Significant Growth in Short Interest

Graham Co. (NYSE:GHM) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 100,000 shares, an increase of 5.5% from the December 31st total of 94,800 shares. Based on an average daily trading volume, of 70,200 shares, the short-interest ratio is presently 1.4 days.

Graham Price Performance

Shares of NYSE:GHM opened at $45.19 on Tuesday. Graham has a one year low of $20.71 and a one year high of $49.28. The firm has a market capitalization of $492.12 million, a price-to-earnings ratio of 63.65 and a beta of 0.71. The company’s fifty day moving average price is $44.21 and its 200-day moving average price is $36.06.

Graham (NYSE:GHM) last issued its quarterly earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.13. The firm had revenue of $53.56 million during the quarter, compared to analyst estimates of $50.50 million. Graham had a return on equity of 7.91% and a net margin of 3.95%. During the same quarter in the previous year, the company posted $0.04 earnings per share. As a group, equities research analysts expect that Graham will post 1.03 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Graham in the 3rd quarter valued at $112,000. BNP Paribas Financial Markets lifted its stake in Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 1,374 shares during the last quarter. MetLife Investment Management LLC boosted its position in Graham by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock valued at $178,000 after buying an additional 3,388 shares during the period. Baader Bank Aktiengesellschaft bought a new position in shares of Graham during the fourth quarter valued at about $203,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Graham by 57.3% in the third quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock worth $225,000 after buying an additional 2,774 shares during the period. 69.46% of the stock is currently owned by institutional investors.

Graham Company Profile

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.