Benchmark Electronics, Inc. (NYSE:BHE) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,951,408 shares, a growth of 74.2% from the September 28th total of 1,120,276 shares. Based on an average trading volume of 578,161 shares, the short-interest ratio is presently 3.4 days. Currently, 4.2% of the company’s shares are sold short.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BHE. Founders Capital Management acquired a new stake in Benchmark Electronics during the 2nd quarter worth $117,000. Tower Research Capital LLC TRC acquired a new stake in Benchmark Electronics during the 2nd quarter worth $118,000. Envestnet Asset Management Inc. grew its holdings in Benchmark Electronics by 255.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,589 shares of the technology company’s stock worth $133,000 after acquiring an additional 3,297 shares during the period. Dubuque Bank & Trust Co. acquired a new stake in Benchmark Electronics during the 2nd quarter worth $151,000. Finally, Rehmann Capital Advisory Group acquired a new stake in Benchmark Electronics during the 2nd quarter worth $204,000. 94.68% of the stock is owned by hedge funds and other institutional investors.
BHE opened at $23.14 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.08 and a quick ratio of 2.44. Benchmark Electronics has a 52 week low of $21.86 and a 52 week high of $32.53. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 14.37 and a beta of 0.25.
About Benchmark Electronics
Benchmark Electronics, Inc, together with its subsidiaries, provides engineering services, integrated technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services.
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