Graham Co. (NYSE:GHM) Short Interest Up 5.5% in January

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

Institutional Trading of Graham

A number of hedge funds and other institutional investors have recently modified their holdings of GHM. Principal Financial Group Inc. grew its position in Graham by 10.7% during the 4th quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company’s stock valued at $442,000 after purchasing an additional 960 shares during the last quarter. Rhumbline Advisers grew its position in Graham by 6.7% during the 4th quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 654 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in Graham during the 4th quarter valued at about $203,000. Exchange Traded Concepts LLC grew its position in Graham by 291.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 29,788 shares of the industrial products company’s stock valued at $1,325,000 after purchasing an additional 22,176 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Graham by 31.2% during the 4th quarter. SG Americas Securities LLC now owns 4,949 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 1,176 shares during the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

Graham Trading Down 2.2 %

Shares of NYSE GHM opened at $45.25 on Monday. Graham has a 12 month low of $18.90 and a 12 month high of $49.28. The firm has a market capitalization of $492.77 million, a PE ratio of 63.73 and a beta of 0.73. The firm has a fifty day simple moving average of $44.20 and a two-hundred day simple moving average of $35.95.

Graham (NYSE:GHM) last issued its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. The business had revenue of $53.56 million during the quarter, compared to analyst estimates of $50.50 million. Graham had a net margin of 3.95% and a return on equity of 7.91%. During the same period in the prior year, the business earned $0.04 EPS. On average, sell-side analysts predict that Graham will post 1.03 earnings per share for the current year.

About Graham

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.