Short Interest in Kewaunee Scientific Co. (NASDAQ:KEQU) Declines By 17.3%

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Kewaunee Scientific

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ritholtz Wealth Management bought a new stake in Kewaunee Scientific in the 2nd quarter valued at $413,000. Heron Bay Capital Management bought a new position in shares of Kewaunee Scientific during the 2nd quarter worth about $252,000. Renaissance Technologies LLC raised its position in shares of Kewaunee Scientific by 13.4% during the second quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock valued at $4,230,000 after buying an additional 10,580 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Kewaunee Scientific by 3.6% in the second 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. Institutional investors own 32.69% of the company’s stock.

Kewaunee Scientific Stock Down 0.2 %

NASDAQ KEQU traded down $0.06 on Friday, reaching $34.27. The stock had a trading volume of 15,494 shares, compared to its average volume of 17,906. Kewaunee Scientific has a 1 year low of $16.51 and a 1 year high of $55.62. The business has a 50 day moving average price of $47.34 and a 200 day moving average price of $41.59. The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $97.33 million, a price-to-earnings ratio of 5.40 and a beta of 0.74.

Kewaunee Scientific (NASDAQ:KEQU) last released its earnings results on Wednesday, June 26th. The technology company reported $1.55 earnings per share (EPS) for the quarter. Kewaunee Scientific had a return on equity of 25.87% and a net margin of 9.13%. The firm had revenue of $56.70 million for the quarter.

About Kewaunee Scientific

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.