Short Interest in Burnham Holdings Inc. (OTCMKTS:BURCA) Drops By 50.1%

Burnham Holdings Inc. (OTCMKTS:BURCA) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 279 shares, a drop of 50.1% from the May 14th total of 559 shares. Based on an average trading volume of 1,669 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Burnham Price Performance

Shares of BURCA opened at $25.00 on Friday. Burnham has a fifty-two week low of $22.04 and a fifty-two week high of $28.25. The firm’s 50-day simple moving average is $25.67 and its two-hundred day simple moving average is $25.51. The stock has a market cap of $86 million, a PE ratio of -5.46 and a beta of 0.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 2.19.

Burnham (OTCMKTS:BURCA) last issued its quarterly earnings results on Monday, April 27th. The industrial products company reported $0.72 earnings per share for the quarter. The firm had revenue of $66.18 million during the quarter. Burnham had a positive return on equity of 11.89% and a negative net margin of 7.96%.

About Burnham

Burnham Holdings, Inc designs, manufactures, and sells boilers and related heating, ventilation, and air conditioning products and accessories for residential, commercial, and industrial applications in the United States and internationally. Its residential hydronic heating products include cast iron, stainless steel, and steel boilers; cast iron and steel heat distribution products; radiators; and warm air furnaces and central air conditioning systems for the residential heating and cooling markets, including units for the manufactured housing industry.