NL Industries, Inc. (NYSE:NL) Short Interest Update

NL Industries, Inc. (NYSE:NL) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 87,700 shares, a drop of 22.2% from the December 31st total of 112,700 shares. Based on an average trading volume of 30,200 shares, the days-to-cover ratio is currently 2.9 days. Approximately 1.1% of the company’s shares are short sold.

Institutional Investors Weigh In On NL Industries

Several institutional investors have recently added to or reduced their stakes in NL. Gladius Capital Management LP acquired a new position in NL Industries during the third quarter worth approximately $39,000. Barclays PLC increased its position in NL Industries by 311.4% during the third quarter. Barclays PLC now owns 11,934 shares of the basic materials company’s stock worth $89,000 after buying an additional 9,033 shares during the period. Rhumbline Advisers increased its position in NL Industries by 17.6% during the fourth quarter. Rhumbline Advisers now owns 14,816 shares of the basic materials company’s stock worth $115,000 after buying an additional 2,217 shares during the period. JPMorgan Chase & Co. increased its position in NL Industries by 112.1% during the third quarter. JPMorgan Chase & Co. now owns 22,357 shares of the basic materials company’s stock worth $166,000 after buying an additional 11,815 shares during the period. Finally, BNP Paribas Financial Markets increased its position in NL Industries by 1,454.4% during the third quarter. BNP Paribas Financial Markets now owns 22,492 shares of the basic materials company’s stock worth $167,000 after buying an additional 21,045 shares during the period. Hedge funds and other institutional investors own 10.67% of the company’s stock.

NL Industries Trading Down 0.4 %

Shares of NYSE:NL opened at $8.17 on Friday. The business has a 50-day moving average price of $7.91 and a 200 day moving average price of $7.34. The company has a market capitalization of $399.10 million, a price-to-earnings ratio of 6.81 and a beta of 0.54. NL Industries has a 12-month low of $5.00 and a 12-month high of $9.42.

NL Industries (NYSE:NL) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.74 EPS for the quarter. The company had revenue of $33.60 million during the quarter. NL Industries had a return on equity of 14.74% and a net margin of 38.69%.

About NL Industries

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.