Kewaunee Scientific Co. (NASDAQ:KEQU – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 15,400 shares, a decline of 36.6% from the July 31st total of 24,300 shares. Based on an average daily trading volume, of 26,300 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Kewaunee Scientific from a “strong-buy” rating to a “buy” rating in a report on Wednesday.
Read Our Latest Stock Report on Kewaunee Scientific
Kewaunee Scientific Trading Down 1.7 %
Kewaunee Scientific (NASDAQ:KEQU – Get Free Report) last announced its earnings results on Wednesday, June 26th. The technology company reported $1.55 earnings per share for the quarter. The firm had revenue of $56.70 million during the quarter. Kewaunee Scientific had a net margin of 9.20% and a return on equity of 28.58%.
Hedge Funds Weigh In On Kewaunee Scientific
A number of large investors have recently modified their holdings of the business. Heron Bay Capital Management acquired a new position in shares of Kewaunee Scientific during the 2nd quarter worth about $252,000. Dimensional Fund Advisors LP boosted its stake in shares of Kewaunee Scientific by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after buying an additional 6,132 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of Kewaunee Scientific during the 2nd quarter worth about $413,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Kewaunee Scientific by 13.4% during the 2nd quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock worth $4,230,000 after buying an additional 10,580 shares during the last quarter. 32.69% of the stock is currently owned by institutional investors and hedge funds.
Kewaunee Scientific Company Profile
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.
Read More
- Five stocks we like better than Kewaunee Scientific
- Stock Sentiment Analysis: How it Works
- Does A&F’s Q2 Earnings Win Point to a Strong Holiday Season?
- What is the Dogs of the Dow Strategy? Overview and Examples
- Best Buy Stock Flashes Bullish Signal, Challenges Remain
- How to Use Stock Screeners to Find Stocks
- Affirm Shows Buy-Now-Pay-Later Is Here to Stay in Latest Results
Receive News & Ratings for Kewaunee Scientific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kewaunee Scientific and related companies with MarketBeat.com's FREE daily email newsletter.