KEMET Co. (KEM) Short Interest Update

KEMET Co. (NYSE:KEM) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 4,329,826 shares, a growth of 55.4% from the January 12th total of 2,785,474 shares. Currently, 8.7% of the company’s shares are short sold. Based on an average daily volume of 2,428,069 shares, the days-to-cover ratio is presently 1.8 days.

KEM has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating and set a $27.50 price target on shares of KEMET in a report on Tuesday, October 31st. TheStreet cut KEMET from a “b” rating to a “c” rating in a report on Thursday, November 2nd. Zacks Investment Research cut KEMET from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Finally, ValuEngine cut KEMET from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.58.

KEMET (KEM) opened at $17.85 on Thursday. The stock has a market capitalization of $1,010.00, a P/E ratio of 3.57 and a beta of 3.63. KEMET has a twelve month low of $7.95 and a twelve month high of $27.35. The company has a current ratio of 2.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.70.

KEMET (NYSE:KEM) last posted its quarterly earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. The firm had revenue of $306.40 million for the quarter, compared to analysts’ expectations of $295.68 million. KEMET had a return on equity of 22.51% and a net margin of 28.33%. The company’s revenue for the quarter was up 63.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. sell-side analysts anticipate that KEMET will post 1.62 earnings per share for the current fiscal year.

In other KEMET news, SVP Ronald James Assaf sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $16.89, for a total transaction of $337,800.00. Following the completion of the sale, the senior vice president now owns 94,225 shares of the company’s stock, valued at approximately $1,591,460.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Vincent Borruso sold 20,332 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $20.00, for a total transaction of $406,640.00. Following the sale, the director now directly owns 70,134 shares of the company’s stock, valued at approximately $1,402,680. The disclosure for this sale can be found here. Insiders have sold a total of 70,532 shares of company stock valued at $1,259,191 in the last three months. Insiders own 3.88% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. State of Tennessee Treasury Department bought a new position in shares of KEMET in the 3rd quarter worth $108,000. Denali Advisors LLC bought a new position in shares of KEMET in the 3rd quarter worth $122,000. Advisor Group Inc. bought a new position in shares of KEMET in the 3rd quarter worth $150,000. Flinton Capital Management LLC bought a new position in shares of KEMET in the 4th quarter worth $107,000. Finally, JPMorgan Chase & Co. bought a new position in shares of KEMET in the 2nd quarter worth $125,000. Hedge funds and other institutional investors own 69.39% of the company’s stock.

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KEMET Company Profile

KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.

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