P & F Industries, Inc. (NASDAQ:PFIN) Short Interest Down 23.8% in December

P & F Industries, Inc. (NASDAQ:PFIN) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 6,100 shares, a drop of 23.8% from the December 15th total of 8,000 shares. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is currently 3.4 days. Currently, 0.4% of the shares of the company are sold short.

Shares of NASDAQ PFIN traded up $0.11 during midday trading on Tuesday, reaching $6.88. The company had a trading volume of 4,500 shares, compared to its average volume of 2,614. The business’s 50-day simple moving average is $6.84 and its 200 day simple moving average is $7.07. The stock has a market cap of $21.31 million, a P/E ratio of 3.92 and a beta of 0.17. P & F Industries has a 1 year low of $5.40 and a 1 year high of $9.00. The company has a current ratio of 3.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.03.

P & F Industries (NASDAQ:PFIN) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $14.78 million during the quarter. P & F Industries had a net margin of 9.68% and a return on equity of 12.58%.

P & F Industries Company Profile

P&F Industries, Inc, through its subsidiaries, manufactures, imports, and sells air-powered tools and accessories primarily to the retail, industrial, and automotive markets in the United States and internationally. The company designs, imports, and sells pneumatic hand tools, including sanders, grinders, drills, saws, and impact wrenches under the Florida Pneumatic, Universal Tool, AIRCAT, and NITROCAT names through in-house sales personnel and manufacturers' representatives to retailers, distributors, and private label customers.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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