Short Interest Coverage: What’s Standex International Corporation (NYSE:SXI) Upside After This Short Interest Increase?

November 17, 2016 - By Ruchi Gupta   ·   0 Comments

Short Interest Coverage: What's Standex International Corporation (NYSE:SXI) Upside After This Short Interest Increase?

The stock of Standex International Corporation (NYSE:SXI) registered an increase of 32.22% in short interest. SXI’s total short interest was 260,600 shares in November as published by FINRA. Its up 32.22% from 197,100 shares, reported previously. With 59,200 shares average volume, it will take short sellers 4 days to cover their SXI’s short positions. The short interest to Standex International Corporation’s float is 2.08%. The stock decreased 1.01% or $0.9 during the last trading session, hitting $88. Standex Int’l Corp. (NYSE:SXI) has risen 11.72% since April 15, 2016 and is uptrending. It has outperformed by 7.09% the S&P500.

Standex International Corporation is a diversified manufacturing company. The company has a market cap of $1.11 billion. The Firm is a maker of a range of services and products for diverse commercial and industrial market divisions. It has a 22.46 P/E ratio. The Firm has 11 operating divisions, aggregated and organized into five divisions: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics.

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.58, from 1.51 in 2016Q1. The ratio turned negative, as 21 funds sold all Standex Int’l Corp. shares owned while 46 reduced positions. 14 funds bought stakes while 48 increased positions. They now own 11.78 million shares or 13.71% more from 10.36 million shares in 2016Q1.
Rhumbline Advisers, a Massachusetts-based fund reported 17,521 shares. Blackrock Fund reported 811,371 shares or 0.01% of all its holdings. The Massachusetts-based Putnam Invests Limited Liability Company has invested 0.01% in Standex Int’l Corp. (NYSE:SXI). Mesirow Inv Mgmt accumulated 3,546 shares or 0.02% of the stock. Teton Advisors Inc holds 0.21% or 28,000 shares in its portfolio. Pacific Ridge Cap Ptnrs Limited accumulated 5,770 shares or 0.22% of the stock. Moreover, Bank & Trust Of New York Mellon Corporation has 0% invested in Standex Int’l Corp. (NYSE:SXI) for 160,350 shares. The Massachusetts-based Fmr Llc has invested 0.01% in Standex Int’l Corp. (NYSE:SXI). Moreover, Invesco Ltd has 0% invested in Standex Int’l Corp. (NYSE:SXI) for 71,871 shares. Tfs Cap Lc has 0.05% invested in the company for 3,541 shares. Great West Life Assurance Comm Can accumulated 786 shares or 0% of the stock. Burney holds 0.03% or 5,095 shares in its portfolio. Vanguard Group Incorporated reported 1.01M shares or 0.01% of all its holdings. Louisiana State Employees Retirement Systems has 5,700 shares for 0.02% of their US portfolio. Silvercrest Asset Gru Limited Liability Co last reported 0.6% of its portfolio in the stock.

Insider Transactions: Since June 13, 2016, the stock had 0 buys, and 5 insider sales for $1.60 million net activity. $252,750 worth of Standex Int’l Corp. (NYSE:SXI) shares were sold by FENOGLIO WILLIAM R. $213,500 worth of Standex Int’l Corp. (NYSE:SXI) was sold by FIX ROGER L on Friday, November 11.

SXI Company Profile

Standex International Corporation, incorporated on May 22, 1975, is a diversified manufacturing company. The Firm is a maker of a range of services and products for diverse commercial and industrial market divisions. The Firm has 11 operating divisions, aggregated and organized into five divisions: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics. The Firm has activities in the United States, Europe, Asia, Africa and Latin America.

More news for Standex Int’l Corp. (NYSE:SXI) were recently published by: Investorplace.com, which released: “6 Stocks Trading Ex-Dividend Tomorrow!” on May 06, 2015. Forbes.com‘s article titled: “America’s 100 Most Trustworthy Companies” and published on March 18, 2014 is yet another important article.

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By Ruchi Gupta


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