Taylor Devices, Inc. (NASDAQ:TAYD) Short Interest Down 63.6% in November
Taylor Devices, Inc. (NASDAQ:TAYD) saw a large drop in short interest in the month of November. As of November 29th, there was short interest totalling 400 shares, a drop of 63.6% from the November 14th total of 1,100 shares. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
TAYD stock remained flat at $$10.28 during mid-day trading on Thursday. The company has a market capitalization of $35.55 million, a P/E ratio of 16.48 and a beta of 0.71. The business has a fifty day simple moving average of $10.57 and a 200 day simple moving average of $10.82. Taylor Devices has a 12-month low of $10.11 and a 12-month high of $13.29.
Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings results on Thursday, September 26th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $5.71 million for the quarter. Taylor Devices had a return on equity of 6.03% and a net margin of 6.74%.
A hedge fund recently raised its stake in Taylor Devices stock. California Public Employees Retirement System raised its stake in Taylor Devices, Inc. (NASDAQ:TAYD) by 5.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,456 shares of the industrial products company’s stock after purchasing an additional 4,600 shares during the period. California Public Employees Retirement System owned about 2.43% of Taylor Devices worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 19.90% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine raised Taylor Devices from a “sell” rating to a “hold” rating in a research report on Friday, October 11th.
About Taylor Devices
Taylor Devices, Inc designs, develops, manufactures, and markets shock absorption, rate control, and energy storage devices for use in machinery, equipment, and structures in North America, Asia, and internationally. The company's products include seismic dampers that are designed to ameliorate the effects of earthquake tremors on structures; Fluidicshoks, which are compact shock absorbers primarily used in defense, aerospace, and commercial industries; and crane and industrial buffers, which are larger versions of the Fluidicshoks for industrial application on cranes, ships, container ships, railroad cars, truck docks, ladle and ingot cars, ore trolleys, and car stops.
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