NL Industries, Inc. (NYSE:NL) Sees Large Decline in Short Interest

NL Industries, Inc. (NYSE:NL - Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 87,700 shares, a decrease of 22.2% from the December 31st total of 112,700 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 30,200 shares, the days-to-cover ratio is currently 2.9 days.

Hedge Funds Weigh In On NL Industries

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers grew its position in NL Industries by 17.6% during the 4th quarter. Rhumbline Advisers now owns 14,816 shares of the basic materials company's stock worth $115,000 after acquiring an additional 2,217 shares during the last quarter. Wealthstar Advisors LLC bought a new position in NL Industries during the 4th quarter worth approximately $670,000. Empowered Funds LLC grew its position in NL Industries by 4.5% during the 4th quarter. Empowered Funds LLC now owns 162,500 shares of the basic materials company's stock worth $1,263,000 after acquiring an additional 6,950 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of NL Industries by 34.6% in the 4th quarter. Ritholtz Wealth Management now owns 29,361 shares of the basic materials company's stock worth $228,000 after buying an additional 7,548 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of NL Industries by 112.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,357 shares of the basic materials company's stock worth $166,000 after buying an additional 11,815 shares during the last quarter. 10.67% of the stock is currently owned by institutional investors.

NL Industries Trading Down 0.4 %

Shares of NL Industries stock opened at $8.17 on Friday. The firm has a market capitalization of $399.10 million, a PE ratio of 6.81 and a beta of 0.54. The business's 50-day moving average price is $7.91 and its 200-day moving average price is $7.34. NL Industries has a 12 month low of $5.00 and a 12 month high of $9.42.

NL Industries (NYSE:NL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.74 earnings per share (EPS) for the quarter. NL Industries had a return on equity of 14.74% and a net margin of 38.69%. The business had revenue of $33.60 million for the quarter.

NL Industries Company Profile

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.