Noteworthy Short Interest Filing: After Reaching Milestone, Is Thermon Group Holdings Incorporated (NYSE:THR)’s Short Interest Revealing Something?

November 17, 2016 - By Hazel Jackson   ·   0 Comments

Noteworthy Short Interest Filing: After Reaching Milestone, Is Thermon Group Holdings Incorporated (NYSE:THR)’s Short Interest Revealing Something?

The stock of Thermon Group Holdings Incorporated (NYSE:THR) registered a decrease of 10.12% in short interest. THR’s total short interest was 1.43 million shares in November as published by FINRA. Its down 10.12% from 1.59M shares, reported previously. With 194,100 shares average volume, it will take short sellers 7 days to cover their THR’s short positions. The short interest to Thermon Group Holdings Incorporated’s float is 5.07%. About 70,754 shares traded hands. Thermon Group Holdings Inc (NYSE:THR) has risen 9.71% since April 15, 2016 and is uptrending. It has outperformed by 5.08% the S&P500.

Thermon Group Holdings, Inc. is a provider of engineered thermal solutions for process industries. The company has a market cap of $650.83 million. The Firm operates through four divisions based on four geographic countries or regions: United States, Canada, Europe and Asia. It has a 37.31 P/E ratio.

Insitutional Activity: The institutional sentiment increased to 1.39 in Q2 2016. Its up 0.05, from 1.34 in 2016Q1. The ratio is positive, as 6 funds sold all Thermon Group Holdings Inc shares owned while 30 reduced positions. 9 funds bought stakes while 41 increased positions. They now own 32.06 million shares or 2.38% less from 32.84 million shares in 2016Q1.
last reported 0% of its portfolio in the stock. Paradigm Asset Mngmt Company Ltd Company has 0% invested in the company for 2,650 shares. Wcm Invest Mgmt Ca last reported 0.05% of its portfolio in the stock. Morgan Stanley holds 14,300 shares or 0% of its portfolio. Ubs Asset Americas Incorporated has invested 0% of its portfolio in Thermon Group Holdings Inc (NYSE:THR). M&T National Bank & Trust, a New York-based fund reported 22,298 shares. Metropolitan Life Insur New York, a New York-based fund reported 23,715 shares. Moreover, Neuberger Berman Limited has 0.02% invested in Thermon Group Holdings Inc (NYSE:THR) for 917,528 shares. Deutsche Bankshares Ag owns 116,504 shares or 0% of their US portfolio. The California-based California State Teachers Retirement System has invested 0% in Thermon Group Holdings Inc (NYSE:THR). Kennedy Cap Management accumulated 99,810 shares or 0.04% of the stock. Manufacturers Life Insur The holds 0% or 21,605 shares in its portfolio. Menta Capital Lc accumulated 0.12% or 44,760 shares. Fenimore Asset last reported 0.35% of its portfolio in the stock. Ladenburg Thalmann Fincl Incorporated, a Florida-based fund reported 47 shares.

Thermon Group Holdings Inc (NYSE:THR) Ratings Coverage

Out of 5 analysts covering Thermon Group Holdings (NYSE:THR), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Thermon Group Holdings has been the topic of 8 analyst reports since September 18, 2015 according to StockzIntelligence Inc. On Tuesday, November 3 the stock rating was initiated by SunTrust with “Neutral”. As per Tuesday, November 3, the company rating was initiated by Suntrust Robinson. The firm has “Market Perform” rating given on Tuesday, April 5 by BMO Capital Markets. SunTrust maintained Thermon Group Holdings Inc (NYSE:THR) on Thursday, August 4 with “Neutral” rating. The stock has “Buy” rating given by Jefferies on Thursday, October 6. The firm has “Market Perform” rating by William Blair given on Friday, October 30. The rating was maintained by Jefferies on Friday, September 18 with “Buy”.

THR Company Profile

Thermon Group Holdings, Inc., incorporated on March 19, 2010, is a well-known provider of engineered thermal solutions for process industries. The Firm offers a range of products, such as heating cables, tubing bundles and control systems, and services, such as design optimization, engineering, and installation and maintenance services. The Firm operates through four divisions based on four geographic countries or regions: United States, Canada, Europe and Asia. The Company’s thermal solutions, also referred to as heat tracing, provide an external heat source to pipes, vessels and instruments for the purposes of freeze protection, temperature and flow maintenance, environmental monitoring, and surface snow and ice melting.

Another recent and important Thermon Group Holdings Inc (NYSE:THR) news was published by Quotes.Wsj.com which published an article titled: “News Thermon Group Holdings Inc.THR” on April 29, 2011.

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By Hazel Jackson


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