National Presto Industries, Inc. (NYSE:NPK) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totalling 144,600 shares, an increase of 13.6% from the October 15th total of 127,300 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 22,900 shares, the short-interest ratio is presently 6.3 days.
Separately, TheStreet raised National Presto Industries from a “c+” rating to a “b” rating in a research note on Monday, November 16th.
Institutional investors have recently modified their holdings of the stock. Royce & Associates LP grew its position in National Presto Industries by 7.1% during the third quarter. Royce & Associates LP now owns 431,060 shares of the conglomerate’s stock worth $35,287,000 after buying an additional 28,600 shares during the period. State Street Corp grew its holdings in National Presto Industries by 2.4% in the 1st quarter. State Street Corp now owns 336,705 shares of the conglomerate’s stock valued at $23,842,000 after buying an additional 7,887 shares during the period. Morgan Stanley grew its holdings in National Presto Industries by 32.0% in the 1st quarter. Morgan Stanley now owns 76,084 shares of the conglomerate’s stock valued at $5,387,000 after buying an additional 18,431 shares during the period. Baird Financial Group Inc. increased its stake in shares of National Presto Industries by 0.6% during the 2nd quarter. Baird Financial Group Inc. now owns 48,645 shares of the conglomerate’s stock valued at $4,300,000 after acquiring an additional 295 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of National Presto Industries by 172.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 45,200 shares of the conglomerate’s stock worth $3,950,000 after acquiring an additional 28,600 shares during the period. 57.44% of the stock is currently owned by hedge funds and other institutional investors.
About National Presto Industries
National Presto Industries Inc provides housewares and small appliances, and defense and safety 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; egg cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; various kitchen gadgets; and timers.
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