Burnham Holdings, Inc. (OTCMKTS:BURCA) Sees Significant Growth in Short Interest

Burnham Holdings, Inc. (OTCMKTS:BURCA) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 200 shares, an increase of 100.0% from the September 15th total of 100 shares. Based on an average daily volume of 7,800 shares, the short-interest ratio is presently 0.0 days.

Burnham Stock Up 3.1 %

OTCMKTS:BURCA traded up $0.40 during trading hours on Friday, reaching $13.46. The company’s stock had a trading volume of 250 shares, compared to its average volume of 2,882. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.17 and a quick ratio of 1.04. The company has a market cap of $45.07 million, a price-to-earnings ratio of 6.80 and a beta of 0.33. Burnham has a one year low of $11.50 and a one year high of $15.01. The business’s 50-day moving average is $13.12 and its 200-day moving average is $12.97.

Burnham (OTCMKTS:BURCA) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter. Burnham had a return on equity of 9.28% and a net margin of 3.67%. The company had revenue of $55.39 million during the quarter.

Burnham Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.92 annualized dividend and a yield of 6.84%. Burnham’s dividend payout ratio (DPR) is presently 46.46%.

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.