Graham Co. (NYSE:GHM) Short Interest Down 11.2% in October

Graham Co. (NYSE:GHM - Get Free Report) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 191,200 shares, a drop of 11.2% from the October 15th total of 215,200 shares. Based on an average daily trading volume, of 39,800 shares, the days-to-cover ratio is currently 4.8 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Graham from a "hold" rating to a "buy" rating in a report on Thursday, September 5th.

Graham Price Performance

Shares of NYSE GHM traded down $0.34 during mid-day trading on Friday, hitting $40.25. 93,660 shares of the company's stock traded hands, compared to its average volume of 56,278. The company has a market capitalization of $438.32 million, a P/E ratio of 56.69 and a beta of 0.56. Graham has a 1 year low of $17.02 and a 1 year high of $42.65. The company's 50-day moving average is $31.15 and its two-hundred day moving average is $29.94.

Graham (NYSE:GHM - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.13. Graham had a return on equity of 7.91% and a net margin of 3.95%. The company had revenue of $53.56 million for the quarter, compared to analyst estimates of $50.50 million. During the same quarter in the prior year, the firm posted $0.04 EPS. Equities analysts anticipate that Graham will post 1.03 EPS for the current fiscal year.

Institutional Trading of Graham

A number of large investors have recently modified their holdings of GHM. Itau Unibanco Holding S.A. acquired a new stake in shares of Graham during the second quarter worth $31,000. nVerses Capital LLC acquired a new stake in shares of Graham during the 2nd quarter worth approximately $37,000. SG Americas Securities LLC purchased a new position in shares of Graham during the 3rd quarter valued at approximately $112,000. Lazard Asset Management LLC lifted its stake in shares of Graham by 8,163.5% in the 1st quarter. Lazard Asset Management LLC now owns 4,297 shares of the industrial products company's stock valued at $117,000 after purchasing an additional 4,245 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Graham by 36.9% during the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company's stock worth $151,000 after buying an additional 1,374 shares in the last quarter. Hedge funds and other institutional investors own 69.46% of the company's stock.

About Graham

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, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.