National Presto Industries Inc. (NYSE:NPK) was the target of a large drop in short interest in May. As of May 15th, there was short interest totalling 238,500 shares, a drop of 5.0% from the April 30th total of 251,100 shares. Currently, 4.7% of the company’s stock are sold short. Based on an average daily volume of 61,400 shares, the days-to-cover ratio is currently 3.9 days.
Separately, ValuEngine downgraded shares of National Presto Industries from a “buy” rating to a “hold” rating in a report on Friday, February 28th.
Shares of NPK opened at $83.68 on Friday. National Presto Industries has a one year low of $66.60 and a one year high of $102.26. The company has a current ratio of 8.60, a quick ratio of 5.33 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is $82.59 and its 200 day moving average price is $85.34.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royce & Associates LP raised its holdings in National Presto Industries by 0.9% in the 4th quarter. Royce & Associates LP now owns 508,168 shares of the conglomerate’s stock worth $44,917,000 after acquiring an additional 4,693 shares during the period. State Street Corp increased its holdings in shares of National Presto Industries by 14.4% during the 3rd quarter. State Street Corp now owns 469,459 shares of the conglomerate’s stock worth $41,824,000 after purchasing an additional 59,224 shares during the period. Renaissance Technologies LLC increased its holdings in shares of National Presto Industries by 12.4% during the 4th quarter. Renaissance Technologies LLC now owns 156,900 shares of the conglomerate’s stock worth $13,868,000 after purchasing an additional 17,300 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of National Presto Industries by 31.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 92,929 shares of the conglomerate’s stock worth $8,214,000 after purchasing an additional 22,441 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of National Presto Industries by 29.5% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 80,565 shares of the conglomerate’s stock worth $7,121,000 after purchasing an additional 18,350 shares during the period. Hedge funds and other institutional investors own 66.91% of the company’s stock.
About National Presto Industries
National Presto Industries Inc provides housewares and small appliances, and defense products primarily in North America. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control single thermostatic control line of skillets, griddles, woks, and multi-purpose cookers under the Presto Control Master brand; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; rice cookers; microwave bacon cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; various kitchen gadgets; and timers.
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