Kewaunee Scientific Co. (NASDAQ:KEQU) Short Interest Update

Kewaunee Scientific Co. (NASDAQ:KEQU) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 2,900 shares, a decline of 32.6% from the March 15th total of 4,300 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,400 shares, the days-to-cover ratio is currently 0.9 days.

NASDAQ:KEQU traded up $0.04 during midday trading on Friday, hitting $12.10. 1,588 shares of the stock were exchanged, compared to its average volume of 3,649. The business has a 50-day moving average price of $12.34 and a two-hundred day moving average price of $10.90. The company has a market capitalization of $33.43 million, a price-to-earnings ratio of -8.74 and a beta of 0.61. Kewaunee Scientific has a one year low of $7.70 and a one year high of $13.45.

Kewaunee Scientific (NASDAQ:KEQU) last released its earnings results on Wednesday, March 10th. The technology company reported $0.03 earnings per share (EPS) for the quarter. Kewaunee Scientific had a negative return on equity of 9.52% and a negative net margin of 2.61%. The firm had revenue of $33.34 million for the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cannell Capital LLC boosted its stake in shares of Kewaunee Scientific by 17.3% during the 4th quarter. Cannell Capital LLC now owns 7,115 shares of the technology company’s stock worth $89,000 after acquiring an additional 1,050 shares in the last quarter. Morgan Stanley lifted its stake in Kewaunee Scientific by 11.1% during the third quarter. Morgan Stanley now owns 19,280 shares of the technology company’s stock valued at $172,000 after buying an additional 1,925 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Kewaunee Scientific by 3.8% in the fourth quarter. Renaissance Technologies LLC now owns 118,676 shares of the technology company’s stock worth $1,484,000 after acquiring an additional 4,395 shares in the last quarter. 39.44% of the stock is currently owned by institutional investors.

About Kewaunee Scientific

Kewaunee Scientific Corp. engages in the design, manufacture, and installation of laboratory, healthcare, technical furniture, and infrastructure products. It operates through the following segments: Domestic, and international. The Domestic segment designs, manufactures, and installs scientific and technical furniture, including steel and wood laboratory cabinetry, fume hoods, laminate casework, flexible systems, worksurfaces, workstations, workbenches, and computer enclosures.

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