Kewaunee Scientific Co. (NASDAQ:KEQU) Sees Significant Drop in Short Interest

Kewaunee Scientific Co. (NASDAQ:KEQU) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 19,600 shares, a drop of 17.3% from the August 31st total of 23,700 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 33,500 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Kewaunee Scientific from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 28th.

Institutional Trading of Kewaunee Scientific

A number of hedge funds have recently modified their holdings of KEQU. Heron Bay Capital Management bought a new stake in shares of Kewaunee Scientific during the second quarter valued at approximately $252,000. Renaissance Technologies LLC boosted its stake in Kewaunee Scientific by 13.4% during the second 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in Kewaunee Scientific by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock valued at $8,378,000 after buying an additional 6,132 shares during the period. Finally, Ritholtz Wealth Management bought a new stake in Kewaunee Scientific in the 2nd quarter valued at $413,000. Institutional investors own 32.69% of the company’s stock.

Kewaunee Scientific Stock Down 0.2 %

NASDAQ KEQU opened at $34.27 on Monday. Kewaunee Scientific has a twelve month low of $16.51 and a twelve month high of $55.62. The stock has a market cap of $97.33 million, a PE ratio of 5.40 and a beta of 0.74. The firm has a 50-day simple moving average of $47.34 and a 200 day simple moving average of $41.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.00 and a current ratio of 2.53.

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.