Investors are more bearish on shares of the company if you consider the change in short interest. The company saw a rise in short interest of 60.58% as of August 31, 2017 from the last reporting period. Short shares increased from 5,654 to 9,079 over that timeframe. With short interest at 9,079 and short average daily volume at 5,782, the short-interest ratio is 2.0 and the percentage of shorted shares was 0.00% on August 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (PFIN). Fmr LLC cut its ownership by selling 24,641 shares a decrease of 5.1% from 03/31/2017 to 06/30/2017. Fmr LLC now holds 461,484 shares worth $2,820,000. The value of the position overall is down by 16.5%. As of the end of the quarter Dimensional Fund Advisors Lp had sold 10,240 shares trimming its position 14.6%. The value of the total investment in P & F Industries, Inc. decreased from $488,000 to $366,000 a change of 25.0% for the reporting period.
Vanguard Group Inc added to its position by buying 645 shares an increase of 2.7%. Vanguard Group Inc owns 24,257 shares valued at $148,000. The total value of its holdings decreased 9.8%.
The company is now up by 1.73%% since yesterday’s close of 7.52. Additionally the company recently announced a dividend that was paid on Fri May 26, 2017. The dividend payment was $0.050 per share for the quarter or $0.20 annualized. The dividend yield was $2.68. The ex-dividend date was Thursday the 17th of August 2017.
Company shares are trading at $7.65 quite a bit above $6.50, the stock’s 50 day moving average and which is significantly higher than the 200 day moving average of $6.61. The 50 day moving average was up by +17.68% whereas the 200 day moving average was up $1.04 or +15.77%.
P&F Industries, Inc. (P&F), launched on April 19, 1963, conducts business through its subsidiaries. The Company operates through two segments: tools and other products (Tools), and hardware and accessories (Hardware)..