National Presto Industries, Inc. (NYSE:NPK) Sees Large Decrease in Short Interest

National Presto Industries, Inc. (NYSE:NPK) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totalling 95,100 shares, a drop of 24.8% from the August 31st total of 126,500 shares. Based on an average trading volume of 37,300 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.9% of the shares of the stock are short sold.

National Presto Industries Price Performance

National Presto Industries stock traded up $0.82 during mid-day trading on Friday, hitting $75.12. 1,346 shares of the company were exchanged, compared to its average volume of 39,895. National Presto Industries has a 12-month low of $69.58 and a 12-month high of $86.08. The company has a market capitalization of $533.20 million, a P/E ratio of 16.40 and a beta of 0.57. The business’s 50 day simple moving average is $74.99 and its two-hundred day simple moving average is $76.85.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings data on Thursday, August 1st. The conglomerate reported $0.85 EPS for the quarter. National Presto Industries had a return on equity of 9.59% and a net margin of 9.56%. The business had revenue of $85.06 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of National Presto Industries from a “hold” rating to a “buy” rating in a research report on Thursday.

Hedge Funds Weigh In On National Presto Industries

A number of institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd grew its position in shares of National Presto Industries by 264.9% in the second quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock valued at $55,000 after purchasing an additional 535 shares during the period. Mather Group LLC. purchased a new stake in National Presto Industries in the 2nd quarter valued at about $68,000. SG Americas Securities LLC acquired a new position in shares of National Presto Industries during the 1st quarter valued at about $137,000. EntryPoint Capital LLC purchased a new position in shares of National Presto Industries during the 1st quarter worth about $152,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of National Presto Industries in the first quarter worth approximately $210,000. Institutional investors and hedge funds own 58.57% of the company’s stock.

National Presto Industries Company Profile

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company’s Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.