National Presto Industries, Inc. (NYSE:NPK) Short Interest Update

National Presto Industries, Inc. (NYSE:NPKGet Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 158,200 shares, a growth of 132.6% from the May 15th total of 68,000 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average daily volume of 36,600 shares, the short-interest ratio is currently 4.3 days.

Analyst Ratings Changes

Separately, StockNews.com lowered National Presto Industries from a “buy” rating to a “hold” rating in a report on Friday.

Read Our Latest Analysis on NPK

National Presto Industries Trading Down 1.8 %

Shares of NYSE NPK traded down $1.36 during trading hours on Friday, reaching $74.23. The stock had a trading volume of 56,883 shares, compared to its average volume of 38,140. The firm has a market cap of $526.88 million, a price-to-earnings ratio of 16.39 and a beta of 0.55. The business’s fifty day moving average price is $79.18 and its two-hundred day moving average price is $79.33. National Presto Industries has a 52-week low of $70.24 and a 52-week high of $86.08.

National Presto Industries (NYSE:NPKGet Free Report) last posted its earnings results on Tuesday, April 30th. The conglomerate reported $0.92 earnings per share for the quarter. The company had revenue of $76.65 million during the quarter. National Presto Industries had a return on equity of 9.44% and a net margin of 9.56%.

Institutional Trading of National Presto Industries

A number of hedge funds have recently bought and sold shares of NPK. Barclays PLC lifted its holdings in National Presto Industries by 46.8% during the third quarter. Barclays PLC now owns 6,851 shares of the conglomerate’s stock worth $496,000 after buying an additional 2,183 shares during the period. Amalgamated Bank lifted its holdings in National Presto Industries by 12.1% during the third quarter. Amalgamated Bank now owns 2,154 shares of the conglomerate’s stock worth $156,000 after buying an additional 232 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of National Presto Industries by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,402 shares of the conglomerate’s stock valued at $6,333,000 after purchasing an additional 2,481 shares during the last quarter. Brandes Investment Partners LP lifted its holdings in shares of National Presto Industries by 53.4% during the 3rd quarter. Brandes Investment Partners LP now owns 146,921 shares of the conglomerate’s stock valued at $10,646,000 after purchasing an additional 51,165 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of National Presto Industries by 42.5% during the 4th quarter. Pacer Advisors Inc. now owns 109,814 shares of the conglomerate’s stock valued at $8,816,000 after purchasing an additional 32,758 shares during the last quarter. Hedge funds and other institutional investors own 58.57% of the company’s stock.

About National Presto Industries

(Get Free Report)

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products 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 line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.

Further Reading

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