Valhi, Inc. (NYSE:VHI) Sees Large Decline in Short Interest

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Valhi, Inc. (NYSE:VHI) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 554,800 shares, a decline of 6.6% from the September 30th total of 593,700 shares. Based on an average daily trading volume, of 96,100 shares, the short-interest ratio is currently 5.8 days. Currently, 2.5% of the shares of the company are sold short.

Separately, ValuEngine upgraded shares of Valhi from a “hold” rating to a “buy” rating in a research report on Thursday, October 3rd.

Large investors have recently modified their holdings of the stock. James Investment Research Inc. raised its position in shares of Valhi by 70.8% during the 2nd quarter. James Investment Research Inc. now owns 44,051 shares of the basic materials company’s stock worth $131,000 after buying an additional 18,266 shares in the last quarter. Strs Ohio raised its position in shares of Valhi by 7.5% during the 2nd quarter. Strs Ohio now owns 201,000 shares of the basic materials company’s stock worth $596,000 after buying an additional 14,000 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Valhi during the 2nd quarter worth about $48,000. Aperio Group LLC bought a new stake in shares of Valhi during the 2nd quarter worth about $27,000. Finally, Chicago Equity Partners LLC raised its position in shares of Valhi by 2.0% during the 2nd quarter. Chicago Equity Partners LLC now owns 256,950 shares of the basic materials company’s stock worth $763,000 after buying an additional 4,935 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

NYSE:VHI traded down $0.09 during mid-day trading on Tuesday, hitting $2.08. The stock had a trading volume of 2,400 shares, compared to its average volume of 101,611. The stock has a market capitalization of $739.53 million, a price-to-earnings ratio of 12.11 and a beta of 3.23. The company has a 50 day simple moving average of $1.95 and a 200-day simple moving average of $2.13. Valhi has a 52 week low of $1.63 and a 52 week high of $4.51. The company has a current ratio of 4.88, a quick ratio of 3.26 and a debt-to-equity ratio of 2.27.

Valhi (NYSE:VHI) last issued its quarterly earnings data on Friday, November 8th. The basic materials company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.07). The firm had revenue of $475.20 million during the quarter. Valhi had a net margin of 2.99% and a return on equity of 17.99%.

Valhi Company Profile

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses worldwide. The company's Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.

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