November 17, 2016 - By Pete Kolinski · 0 Comments
The stock of Tennant Company 4 (NYSE:TNC) registered an increase of 5.45% in short interest. TNC’s total short interest was 371,200 shares in November as published by FINRA. Its up 5.45% from 352,000 shares, reported previously. With 62,800 shares average volume, it will take short sellers 6 days to cover their TNC’s short positions. The short interest to Tennant Company 4’s float is 2.16%. About 40,747 shares traded hands. Tennant Company (NYSE:TNC) has risen 37.39% since April 15, 2016 and is uptrending. It has outperformed by 32.76% the S&P500.
Tennant Company is engaged in designing, manufacturing and marketing cleaning solutions. The company has a market cap of $1.27 billion. The Firm is organized into four operating divisions: North America; Latin America; Europe, Middle East, Africa, and Asia Pacific. It has a 29.67 P/E ratio. The Firm offers products and solutions consisting of mechanized cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions, such as financing, rental and leasing programs, and machine-to-machine asset management solutions.
Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.18, from 1.22 in 2016Q1. The ratio dived, as 13 funds sold all Tennant Company shares owned while 43 reduced positions. 16 funds bought stakes while 42 increased positions. They now own 15.12 million shares or 0.14% less from 15.14 million shares in 2016Q1.
Strs Ohio has 0% invested in the company for 15,800 shares. Susquehanna Interest Group Incorporated Llp holds 8,451 shares or 0% of its portfolio. Invesco Limited owns 82,357 shares or 0% of their US portfolio. Principal Fin Grp Inc accumulated 124,298 shares or 0.01% of the stock. Accredited Investors reported 40,104 shares or 0.6% of all its holdings. Ridgeworth Cap Mgmt Ltd Company has 97,286 shares for 0.05% of their US portfolio. The New Jersey-based Blackrock Inv Mgmt Limited Liability has invested 0.01% in Tennant Company (NYSE:TNC). United Services Automobile Association last reported 40,250 shares in the company. Ironwood Inv Mngmt Ltd holds 0.55% or 13,587 shares in its portfolio. Panagora Asset Management owns 1,107 shares or 0% of their US portfolio. Albert D Mason Inc has 18,260 shares for 0.57% of their US portfolio. Bankshares Of America Corp De accumulated 21,340 shares or 0% of the stock. Cambridge Trust last reported 8,615 shares in the company. Comerica Natl Bank accumulated 17,711 shares or 0.01% of the stock. The Massachusetts-based Granahan Mngmt Inc Ma has invested 0.6% in Tennant Company (NYSE:TNC).
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 4 sales for $3.58 million net activity. Shares for $838,936 were sold by PAULSON THOMAS on Wednesday, June 8. Wilson Heidi M had sold 12,158 shares worth $774,265 on Monday, August 1.
Out of 2 analysts covering Tennant Co (NYSE:TNC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Tennant Co has been the topic of 2 analyst reports since October 28, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Dougherty & Company on Wednesday, October 28.
Tennant Company (Tennant), incorporated on January 8, 1909, is engaged in designing, manufacturing and marketing cleaning solutions. The Firm is organized into four operating divisions: North America; Latin America; Europe, Middle East, Africa, and Asia Pacific. The Firm offers products and solutions consisting of mechanized cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions, such as financing, rental and leasing programs, and machine-to-machine asset management solutions. The Company’s other products include floor maintenance and outdoor cleaning equipment, and asset management solutions. Tennant products are used in various types of environments, including retail establishments, distribution centers, factories and warehouses, public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, and parking lots and streets.
More recent Tennant Company (NYSE:TNC) news were published by: Fool.com which released: “Tennant Company Falls Back Into Sales Declines” on October 25, 2016. Also Fool.com published the news titled: “Tennant Company’s Earnings Fall 22% on Growth Slowdown” on February 23, 2016. Businesswire.com‘s news article titled: “Tennant Company Expands in Mexico; Acquires Dofesa, a Long-Time Mexico …” with publication date: September 01, 2016 was also an interesting one.
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By Pete Kolinski