Heico Corp (NYSE:HEI.A) Short Interest Update
Heico Corp (NYSE:HEI.A) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 1,430,000 shares, an increase of 11.7% from the August 30th total of 1,280,000 shares. Based on an average daily volume of 406,300 shares, the days-to-cover ratio is presently 3.5 days. Approximately 2.0% of the shares of the stock are short sold.
Separately, ValuEngine downgraded Heico from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.
HEI.A stock traded down $0.52 during midday trading on Wednesday, reaching $93.46. The company had a trading volume of 306,500 shares, compared to its average volume of 367,471. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 43.36 and a beta of 0.54. The stock has a 50 day moving average price of $100.69 and a 200-day moving average price of $98.60. Heico has a 1-year low of $57.84 and a 1-year high of $113.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.98 and a quick ratio of 1.44.
Heico Company Profile
HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.
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