Kewaunee Scientific Co. (NASDAQ:KEQU) Short Interest Update

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 trading volume of 33,500 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.9% of the company’s shares are short sold.

Kewaunee Scientific Stock Down 0.2 %

Shares of NASDAQ:KEQU traded down $0.06 during midday trading on Friday, reaching $34.27. 15,494 shares of the company were exchanged, compared to its average volume of 17,906. The firm has a market cap of $97.33 million, a PE ratio of 5.40 and a beta of 0.74. Kewaunee Scientific has a fifty-two week low of $16.51 and a fifty-two week high of $55.62. The stock has a fifty day simple moving average of $47.34 and a two-hundred day simple moving average of $41.59. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.48.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Kewaunee Scientific

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

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.