Short Interest of The Day: Is Buying Thor Industries Incorporated (NYSE:THO), Having Higher Short Interest a Winning Strategy?

November 17, 2016 - By kentuckypostne   ·   0 Comments

Short Interest of The Day: Is Buying Thor Industries Incorporated (NYSE:THO), Having Higher Short Interest a Winning Strategy?

The stock of Thor Industries Incorporated (NYSE:THO) registered an increase of 14.2% in short interest. THO’s total short interest was 3.22M shares in November as published by FINRA. Its up 14.2% from 2.82 million shares, reported previously. With 723,800 shares average volume, it will take short sellers 4 days to cover their THO’s short positions. The short interest to Thor Industries Incorporated’s float is 6.35%. About 266,748 shares traded hands. Thor Industries, Inc. (NYSE:THO) has risen 35.79% since April 15, 2016 and is uptrending. It has outperformed by 31.16% the S&P500.

Thor Industries, Inc. manufactures a range of recreational vehicles in the United States and sells those vehicles primarily in the United States and Canada. The company has a market cap of $4.59 billion.

Insitutional Activity: The institutional sentiment increased to 1.37 in Q2 2016. Its up 0.41, from 0.96 in 2016Q1. The ratio improved, as 17 funds sold all Thor Industries, Inc. shares owned while 111 reduced positions. 51 funds bought stakes while 124 increased positions. They now own 43.86 million shares or 10.97% less from 49.27 million shares in 2016Q1.
Vident Investment Advisory Lc owns 40,766 shares or 0.37% of their US portfolio. Fifth Third National Bank & Trust has invested 0.01% of its portfolio in Thor Industries, Inc. (NYSE:THO). Cibc Ww Mkts last reported 10,309 shares in the company. State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 70,000 shares. Ridgeworth Cap Management Ltd Liability Corp reported 744,315 shares or 0.46% of all its holdings. Acadian Asset Mgmt Ltd Limited Liability Company has 0% invested in the company for 82 shares. Parametric Portfolio Ltd holds 112,197 shares or 0.01% of its portfolio. Franklin Res reported 881,999 shares or 0.03% of all its holdings. Teachers Retirement Of The State Of Kentucky accumulated 11,400 shares or 0.01% of the stock. Lpl Fincl Limited Liability Co accumulated 0.01% or 9,086 shares. Voloridge Inv Management Ltd Liability has 0.03% invested in the company for 16,361 shares. Cubist Systematic Strategies Limited Com, a Connecticut-based fund reported 14,350 shares. Nicholas Inc Wi accumulated 0.05% or 40,840 shares. Capstone Investment Advsr Limited Liability Com has 38,400 shares for 0.05% of their US portfolio. Gam Ag reported 14,000 shares or 0.01% of all its holdings.

Insider Transactions: Since September 29, 2016, the stock had 0 insider buys, and 1 sale for $400,360 net activity. Another trade for 4,672 shares valued at $400,360 was sold by ORTHWEIN PETER BUSCH.

Thor Industries, Inc. (NYSE:THO) Ratings Coverage

Out of 8 analysts covering Thor Industries Inc (NYSE:THO), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Thor Industries Inc has been the topic of 11 analyst reports since September 29, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, September 13 by Northcoast. Wellington Shields upgraded the shares of THO in a report on Wednesday, September 28 to “Buy” rating. The firm has “Hold” rating by Gabelli given on Wednesday, December 2. The rating was upgraded by Great Lakes on Wednesday, September 28 to “Buy”. The firm has “Hold” rating by Wunderlich given on Friday, August 19. Citigroup maintained the shares of THO in a report on Friday, October 2 with “Buy” rating. The company was upgraded on Friday, July 29 by Suntrust Robinson. The stock of Thor Industries, Inc. (NYSE:THO) earned “Buy” rating by Wunderlich on Tuesday, June 7. The company was downgraded on Wednesday, June 8 by BMO Capital Markets. The firm has “Buy” rating given on Thursday, March 24 by Citigroup.

THO Company Profile

Thor Industries, Inc., incorporated on July 26, 1983, makes a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily throughout the United States and Canada, as well as related parts and accessories. The Company’s divisions include towable recreational vehicles, motorized recreational vehicles and Other. The towable recreational vehicle segment includes the activities of Airstream, Inc. (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp. (Jayco) (including Jayco towable, Starcraft and Highland Ridge), Keystone RV Company (Keystone) (including CrossRoads and Dutchmen) and K.Z., Inc. (KZ) (including Livin’ Lite RV, Inc. (Livin’ Lite)). The motorized recreational vehicle segment includes the activities of Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach) and Thor Motor Coach, Inc. (Thor Motor Coach). The Company’s Other segment includes the activities of its subsidiary, Postle Operating, LLC (Postle).

More notable recent Thor Industries, Inc. (NYSE:THO) news were published by: Forbes.com which released: “An Interview With Bob Martin, President And CEO Of Thor Industries, Inc.” on October 31, 2016, also Forbes.com with their article: “Thor Industries Enters Oversold Territory” published on November 03, 2016, Forbes.com published: “Thor Industries Looks Like A Good Place For Investors To Set Up Camp” on July 07, 2016. More interesting news about Thor Industries, Inc. (NYSE:THO) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Thor Industries, Hormel Foods and Colgate-Palmolive” published on October 18, 2016 as well as Wsj.com‘s news article titled: “Thor Industries to Buy Jayco for $576 Million” with publication date: July 01, 2016.

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