Powell Industries, Inc. (NASDAQ:POWL) Short Interest Up 44.32% – Shares Trading Down


Investors are feeling more bearish on Powell Industries, Inc. recently looking at the motion in short interest. The firm saw a rise in short interest from August 15, 2017 to August 31, 2017 of 44.32%. Short shares increased 35,378 over that timeframe. Days to cover decreased 0.0 to 2.0 and the short interest percentage is 0.01% as of August 31.

These firms have modified their investment in POWL. As of the end of the quarter Ubs Group Ag had sold a total of 155 shares trimming its stake by 94.5%. The value in dollars went from $6,000 to $0 a change of $6,000 since the last quarter. Two Sigma Advisers, Lp trimmed its ownership by selling 5,200 shares a decrease of 17.5% as of 06/30/2017. Two Sigma Advisers, Lp now holds 24,508 shares valued at $784,000. The total value of its holdings decreased 23.4%.

As of quarter end Tower Research Capital LLC (trc) had disposed of 191 shares trimming its holdings by 48.8%. The value of the investment in Powell Industries, Inc. decreased from $15,000 to $6,000 a change of 60.0% quarter to quarter. As of the end of the quarter Pinebridge Investments, L.p. had acquired a total of 2 shares growing its position 1.2%. The value of the company’s investment in Powell Industries, Inc. went from $6,000 to $5,000 decreasing 16.7% for the reporting period.

The company is so far trading down since yesterday’s close of 29.14. The company also recently announced a dividend paid on Wednesday the 14th of June 2017. The dividend was $0.260 per share for the quarter or $1.04 on an annualized basis. The dividend yield was $3.60. The ex-dividend date was Monday the 21st of August 2017.

Shares of the company are trading at $28.83 barely below the 50 day moving average of $29.56 and which is well below the 200 day moving average of $32.18. The 50 day moving average was down $-0.73 or -2.46% whereas the 200 day average was down by -10.42%.

The P/E ratio is 282.65 and market capitalization is 329.47M. In the last earnings report the EPS was $0.10 and is expected to be $-0.52 for the current year with 11,428,000 shares now outstanding. Next quarter’s EPS is estimated at $-0.03 with next year’s EPS projected to be $0.14.

Powell Industries, Inc., launched on February 11, 2004, develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment. The Business’s principal products include integrated power control room substations (PCRs), custom-engineered modules, electrical houses (E-Houses), traditional and arc-resistant distribution switchgear and control gear, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers and bus duct systems. These products are designed for application voltages ranging from 480 volts to 38,000 volts, and are used in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light rail traction power, electric utility, pulp and paper, and other heavy industrial markets..