Kewaunee Scientific Co. (NASDAQ:KEQU) Short Interest Down 20.1% in November

Kewaunee Scientific Co. (NASDAQ:KEQU) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 32,100 shares, a drop of 20.1% from the November 15th total of 40,200 shares. Based on an average daily volume of 19,300 shares, the short-interest ratio is presently 1.7 days. Currently, 1.6% of the company’s stock are short sold.

Hedge Funds Weigh In On Kewaunee Scientific

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Kewaunee Scientific by 8.9% in the third quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company’s stock valued at $792,000 after acquiring an additional 1,941 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Kewaunee Scientific by 24.6% in the 3rd quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock valued at $363,000 after purchasing an additional 2,156 shares during the period. Barclays PLC bought a new stake in shares of Kewaunee Scientific in the 3rd quarter valued at about $121,000. Heron Bay Capital Management acquired a new stake in Kewaunee Scientific in the 2nd quarter valued at about $252,000. Finally, Dimensional Fund Advisors LP grew its holdings in Kewaunee Scientific by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after purchasing an additional 6,132 shares during the period. 32.69% of the stock is owned by institutional investors.

Kewaunee Scientific Stock Up 2.1 %

NASDAQ KEQU traded up $1.11 during trading hours on Monday, hitting $54.50. 22,703 shares of the company traded hands, compared to its average volume of 17,212. The stock has a market capitalization of $156.52 million, a price-to-earnings ratio of 8.46 and a beta of 0.80. Kewaunee Scientific has a twelve month low of $23.44 and a twelve month high of $55.62. The business’s 50-day moving average is $37.63 and its 200-day moving average is $42.16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.00 and a current ratio of 2.53.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Kewaunee Scientific from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

About Kewaunee Scientific

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.