Short Interest in CSW Industrials Inc (NASDAQ:CSWI) Expands By 13.8%

CSW Industrials Inc (NASDAQ:CSWI) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 93,900 shares, an increase of 13.8% from the May 15th total of 82,500 shares. Based on an average daily volume of 61,400 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.6% of the company’s shares are sold short.

Separately, BidaskClub upgraded shares of Misonix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 3rd.

Shares of CSWI traded down $0.70 during mid-day trading on Friday, reaching $68.55. The company had a trading volume of 57,954 shares, compared to its average volume of 68,336. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.03 and a current ratio of 3.08. The firm has a market capitalization of $1.04 billion, a PE ratio of 25.09 and a beta of 1.05. The company’s fifty day simple moving average is $67.49. CSW Industrials has a fifty-two week low of $41.50 and a fifty-two week high of $75.67.

CSW Industrials (NASDAQ:CSWI) last posted its earnings results on Wednesday, May 22nd. The basic materials company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.09. The business had revenue of $91.48 million for the quarter, compared to analyst estimates of $88.55 million. CSW Industrials had a net margin of 13.02% and a return on equity of 16.42%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Tuesday, July 30th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Monday, July 29th. This represents a $0.54 annualized dividend and a dividend yield of 0.79%.

Several large investors have recently bought and sold shares of the stock. Princeton Global Asset Management LLC acquired a new position in CSW Industrials in the 4th quarter worth $39,000. Meeder Asset Management Inc. lifted its holdings in CSW Industrials by 145.2% in the 1st quarter. Meeder Asset Management Inc. now owns 1,069 shares of the basic materials company’s stock worth $62,000 after buying an additional 633 shares in the last quarter. SG Americas Securities LLC acquired a new position in CSW Industrials in the 1st quarter worth $106,000. O Shaughnessy Asset Management LLC lifted its holdings in CSW Industrials by 16.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,614 shares of the basic materials company’s stock worth $127,000 after buying an additional 365 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in CSW Industrials by 12.9% in the 4th quarter. Legal & General Group Plc now owns 2,973 shares of the basic materials company’s stock worth $144,000 after buying an additional 339 shares in the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

About CSW Industrials

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through two segments, Industrial Products and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration, and application equipment for use with specialty chemicals and other products.

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