Enerpac Tool Group Corp. (NYSE:EPAC) Sees Significant Growth in Short Interest

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 827,400 shares, an increase of 27.8% from the December 31st total of 647,400 shares. Based on an average daily trading volume, of 362,100 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.6% of the company's shares are sold short.

Enerpac Tool Group Stock Performance

Shares of Enerpac Tool Group stock traded up $0.30 during midday trading on Wednesday, hitting $45.60. The company had a trading volume of 176,459 shares, compared to its average volume of 302,320. Enerpac Tool Group has a 12-month low of $30.43 and a 12-month high of $51.91. The company has a fifty day simple moving average of $44.56 and a 200 day simple moving average of $43.37. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 27.80 and a beta of 1.17.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its earnings results on Wednesday, December 18th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. As a group, analysts predict that Enerpac Tool Group will post 1.78 earnings per share for the current fiscal year.

Institutional Trading of Enerpac Tool Group

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Enerpac Tool Group by 31.2% during the third quarter. GAMMA Investing LLC now owns 1,000 shares of the company's stock worth $42,000 after acquiring an additional 238 shares during the period. USA Financial Formulas lifted its holdings in Enerpac Tool Group by 15.5% in the 3rd quarter. USA Financial Formulas now owns 1,895 shares of the company's stock valued at $79,000 after purchasing an additional 254 shares in the last quarter. SkyView Investment Advisors LLC lifted its position in Enerpac Tool Group by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 17,014 shares of the company's stock worth $713,000 after buying an additional 276 shares during the period. Quarry LP grew its stake in shares of Enerpac Tool Group by 110.7% during the 3rd quarter. Quarry LP now owns 830 shares of the company's stock valued at $35,000 after buying an additional 436 shares during the period. Finally, Glenmede Trust Co. NA grew its holdings in shares of Enerpac Tool Group by 2.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 15,810 shares of the company's stock worth $662,000 after purchasing an additional 447 shares during the period. Institutional investors and hedge funds own 97.70% of the company's stock.

About Enerpac Tool Group

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.