National Presto Industries, Inc. (NYSE:NPK) Sees Large Decrease in Short Interest

National Presto Industries, Inc. (NYSE:NPK - Get Free Report) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 143,700 shares, a decline of 25.5% from the December 31st total of 192,900 shares. Currently, 2.7% of the company's shares are short sold. Based on an average daily trading volume, of 40,600 shares, the short-interest ratio is currently 3.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new position in shares of National Presto Industries during the third quarter worth about $30,000. Point72 DIFC Ltd grew its holdings in National Presto Industries by 264.9% during the 2nd quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate's stock worth $55,000 after acquiring an additional 535 shares in the last quarter. Central Pacific Bank Trust Division increased its position in shares of National Presto Industries by 42.9% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the conglomerate's stock valued at $75,000 after purchasing an additional 300 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of National Presto Industries during the 3rd quarter worth $75,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in National Presto Industries in the fourth quarter valued at $79,000. 58.57% of the stock is owned by institutional investors and hedge funds.

National Presto Industries Stock Up 0.9 %

National Presto Industries stock traded up $0.87 during mid-day trading on Monday, reaching $97.04. 33,897 shares of the company's stock were exchanged, compared to its average volume of 34,548. The company has a fifty day moving average of $93.06 and a 200-day moving average of $81.17. The company has a market cap of $688.98 million, a P/E ratio of 20.43 and a beta of 0.53. National Presto Industries has a twelve month low of $69.58 and a twelve month high of $99.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded National Presto Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, December 3rd.

National Presto Industries Company Profile

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.