Burnham Holdings Inc. (OTCMKTS:BURCA) Sees Large Decline in Short Interest

Burnham Holdings Inc. (OTCMKTS:BURCA) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 279 shares, a decrease of 50.1% from the May 14th total of 559 shares. Based on an average daily volume of 1,669 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Burnham Stock Performance

Shares of BURCA opened at $25.00 on Friday. The company’s fifty day moving average is $25.67 and its 200-day moving average is $25.51. Burnham has a 12 month low of $22.04 and a 12 month high of $28.25. The firm has a market cap of $86 million, a price-to-earnings ratio of -5.46 and a beta of 0.14. The company has a quick ratio of 1.04, a current ratio of 2.19 and a debt-to-equity ratio of 0.16.

Burnham (OTCMKTS:BURCA) last announced its quarterly earnings results on Monday, April 27th. The industrial products company reported $0.72 EPS for the quarter. Burnham had a negative net margin of 7.96% and a positive return on equity of 11.89%. The company had revenue of $66.18 million for the quarter.

About Burnham

Burnham Holdings, Inc designs, manufactures, and sells boilers and related heating, ventilation, and air conditioning products and accessories for residential, commercial, and industrial applications in the United States and internationally. Its residential hydronic heating products include cast iron, stainless steel, and steel boilers; cast iron and steel heat distribution products; radiators; and warm air furnaces and central air conditioning systems for the residential heating and cooling markets, including units for the manufactured housing industry.