NL Industries Inc (NYSE:NL) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 128,500 shares, a growth of 55.8% from the July 31st total of 82,500 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average trading volume of 17,500 shares, the days-to-cover ratio is presently 7.3 days.
Shares of NL Industries stock traded up $0.20 during trading hours on Friday, hitting $3.89. The company’s stock had a trading volume of 521 shares, compared to its average volume of 12,289. NL Industries has a 12 month low of $2.94 and a 12 month high of $7.00. The stock has a 50 day moving average of $3.85 and a 200 day moving average of $3.85. The company has a market capitalization of $177.47 million, a PE ratio of 7.43 and a beta of 2.73.
NL Industries (NYSE:NL) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter. NL Industries had a return on equity of 7.63% and a net margin of 6.95%. The company had revenue of $33.70 million during the quarter.
Several equities research analysts have issued reports on NL shares. ValuEngine upgraded NL Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. TheStreet upgraded NL Industries from a “d+” rating to a “c” rating in a report on Tuesday, August 27th.
About NL Industries
NL Industries, Inc, through its subsidiary CompX International Inc, operates in the component products industry in the United States and internationally. The company manufactures and sells mechanical and electronic cabinet locks, and other locking mechanisms, including disc tumbler locks, pin tumbler locking mechanisms, and CompX eLock and StealthLock electronic locks for use in various applications, such as ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, vending and cash containment machines, medical cabinetry, electronic circuit panels, storage compartments, and gas station security.
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