Nam Tai Property Inc. (NYSE:NTP) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 792,200 shares, an increase of 29.2% from the March 31st total of 613,200 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average trading volume of 237,500 shares, the short-interest ratio is currently 3.3 days.
Shares of NYSE:NTP traded up $1.13 during trading on Tuesday, hitting $15.60. 662,178 shares of the company were exchanged, compared to its average volume of 230,341. The company has a market cap of $611.49 million, a PE ratio of -44.57 and a beta of 0.95. The stock has a 50 day moving average of $12.23 and a 200 day moving average of $8.14. Nam Tai Property has a 52-week low of $3.76 and a 52-week high of $16.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 1.01.
Nam Tai Property (NYSE:NTP) last posted its earnings results on Friday, January 29th. The electronics maker reported $0.50 earnings per share (EPS) for the quarter. Nam Tai Property had a negative return on equity of 6.57% and a negative net margin of 403.19%. The firm had revenue of $68.60 million for the quarter.
Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of Nam Tai Property in the fourth quarter worth $44,000. Belvedere Trading LLC purchased a new stake in shares of Nam Tai Property in the first quarter worth $221,000. Renaissance Technologies LLC purchased a new stake in shares of Nam Tai Property in the fourth quarter worth $172,000. Squarepoint Ops LLC purchased a new stake in shares of Nam Tai Property in the fourth quarter worth $180,000. Finally, One68 Global Capital LLC purchased a new stake in shares of Nam Tai Property in the fourth quarter worth $244,000. Institutional investors own 33.19% of the company’s stock.
About Nam Tai Property
Nam Tai Property Inc, through its subsidiaries, owns, develops, and operates technology parks in the People's Republic of China. It focuses on developing three parcels of land in Gushu and Guangming, Shenzhenn into technology parks, as well as rents properties. The company was formerly known as Nam Tai Electronics, Inc and changed its name to Nam Tai Property Inc in April 2014.
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