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

Kewaunee Scientific Co. (NASDAQ:KEQU) was the recipient of a significant increase in short interest in the month of November. As of November 29th, there was short interest totalling 1,300 shares, an increase of 1,200.0% from the November 14th total of 100 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,300 shares, the short-interest ratio is presently 0.2 days.

Separately, ValuEngine upgraded Kewaunee Scientific from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

NASDAQ:KEQU traded up $1.37 during midday trading on Wednesday, reaching $19.57. The company had a trading volume of 100 shares, compared to its average volume of 6,096. The firm has a market capitalization of $50.06 million, a price-to-earnings ratio of 32.69 and a beta of -0.48. The stock’s fifty day simple moving average is $16.18 and its 200-day simple moving average is $17.33. Kewaunee Scientific has a 12-month low of $15.06 and a 12-month high of $34.84. The company has a current ratio of 1.81, a quick ratio of 1.38 and a debt-to-equity ratio of 0.12.

An institutional investor recently raised its position in Kewaunee Scientific stock. Renaissance Technologies LLC raised its holdings in Kewaunee Scientific Co. (NASDAQ:KEQU) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,627 shares of the technology company’s stock after buying an additional 727 shares during the period. Renaissance Technologies LLC owned about 3.37% of Kewaunee Scientific worth $1,773,000 as of its most recent SEC filing. 45.34% of the stock is owned by hedge funds and other institutional investors.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture products. The company operates in two segments, Domestic and International. Its products include steel, wood, laminate furniture, fume hoods, biological safety cabinets, laminar flow and ductless hoods, adaptable modular and column systems, moveable workstations and carts, epoxy resin worksurfaces, sinks, and accessories and related design services.

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