Graham Co. (NYSE:GHM) Short Interest Update

Graham Co. (NYSE:GHMGet Rating) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 37,200 shares, an increase of 5.1% from the October 15th total of 35,400 shares. Based on an average daily trading volume, of 23,000 shares, the short-interest ratio is presently 1.6 days. Currently, 0.4% of the shares of the stock are short sold.

Graham Trading Up 1.4 %

Shares of NYSE:GHM opened at $10.00 on Friday. Graham has a 52-week low of $6.51 and a 52-week high of $13.97. The business’s 50 day moving average is $8.87 and its 200 day moving average is $8.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.43 and a quick ratio of 1.13.

Analyst Upgrades and Downgrades

GHM has been the topic of several analyst reports. Litchfield Hills Research reissued a “buy” rating on shares of Graham in a research note on Wednesday, November 9th. StockNews.com began coverage on shares of Graham in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Institutional Trading of Graham

Institutional investors and hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP grew its position in shares of Graham by 31.3% in the 1st quarter. Brandes Investment Partners LP now owns 1,003,419 shares of the industrial products company’s stock worth $7,737,000 after buying an additional 238,933 shares during the last quarter. Azarias Capital Management L.P. grew its stake in Graham by 27.0% in the 1st quarter. Azarias Capital Management L.P. now owns 509,446 shares of the industrial products company’s stock valued at $3,928,000 after acquiring an additional 108,359 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Graham by 49.3% in the first quarter. Gamco Investors INC. ET AL now owns 286,969 shares of the industrial products company’s stock worth $2,213,000 after acquiring an additional 94,744 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in Graham in the 3rd quarter valued at $652,000. Finally, Grace & White Inc. NY raised its position in shares of Graham by 22.5% during the 2nd quarter. Grace & White Inc. NY now owns 284,842 shares of the industrial products company’s stock valued at $1,971,000 after buying an additional 52,406 shares during the period. 65.40% of the stock is currently owned by institutional investors.

About Graham

(Get Rating)

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems comprising ejectors and surface condensers; torpedo ejection and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems, including pumps, blowers, and electronics for defense sector.

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