Noteworthy Short Interest Filing: Twin Disc Incorporated (NASDAQ:TWIN) Sellers Covered 1.83% of Their Shorts

November 18, 2016 - By Clifton Ray   ·   0 Comments

Noteworthy Short Interest Filing: Twin Disc Incorporated (NASDAQ:TWIN) Sellers Covered 1.83% of Their Shorts

The stock of Twin Disc Incorporated (NASDAQ:TWIN) registered a decrease of 1.83% in short interest. TWIN’s total short interest was 321,200 shares in November as published by FINRA. Its down 1.83% from 327,200 shares, reported previously. With 15,100 shares average volume, it will take short sellers 21 days to cover their TWIN’s short positions. The short interest to Twin Disc Incorporated’s float is 4.23%. About 3,823 shares traded hands. Twin Disc, Incorporated (NASDAQ:TWIN) has risen 8.89% since April 18, 2016 and is uptrending. It has outperformed by 4.46% the S&P500.

Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The company has a market cap of $153.98 million. The Firm operates through two divisions: manufacturing and distribution. It currently has negative earnings. The Company’s products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems.

Insitutional Activity: The institutional sentiment increased to 0.68 in Q2 2016. Its up 0.05, from 0.63 in 2016Q1. The ratio is positive, as 20 funds sold all Twin Disc, Incorporated shares owned while 18 reduced positions. 15 funds bought stakes while 9 increased positions. They now own 4.97 million shares or 13.81% less from 5.76 million shares in 2016Q1.
The Florida-based Finemark Financial Bank And Tru has invested 0% in Twin Disc, Incorporated (NASDAQ:TWIN). Jacobs Levy Equity Mngmt Inc, a New Jersey-based fund reported 11,335 shares. Credit Suisse Ag last reported 0% of its portfolio in the stock. National Bank & Trust Of America De, a North Carolina-based fund reported 4,616 shares. Us Bank De has invested 0% of its portfolio in Twin Disc, Incorporated (NASDAQ:TWIN). Grace White Inc has 229,302 shares for 0.56% of their US portfolio. The Massachusetts-based Geode Capital Management Limited Com has invested 0% in Twin Disc, Incorporated (NASDAQ:TWIN). Gamco Inc Et Al has 1.08M shares for 0.08% of their US portfolio. The New York-based Renaissance Limited Liability Company has invested 0% in Twin Disc, Incorporated (NASDAQ:TWIN). Financial Bank Of Ny Mellon holds 0% of its portfolio in Twin Disc, Incorporated (NASDAQ:TWIN) for 49,363 shares. Millennium Mgmt holds 0% of its portfolio in Twin Disc, Incorporated (NASDAQ:TWIN) for 34,735 shares. Moreover, Ancora Lc has 0.03% invested in Twin Disc, Incorporated (NASDAQ:TWIN) for 25,000 shares. Barclays Public Limited holds 849 shares or 0% of its portfolio. Bank Of Montreal Can last reported 0% of its portfolio in the stock. Morgan Dempsey Capital Mgmt Llc accumulated 0.83% or 228,924 shares.

Twin Disc, Incorporated (NASDAQ:TWIN) Ratings Coverage

Out of 2 analysts covering Twin Disc Inc (NASDAQ:TWIN), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Twin Disc Inc has been the topic of 2 analyst reports since January 7, 2016 according to StockzIntelligence Inc. The rating was downgraded by Seaport Global on Wednesday, April 27 to “Neutral”.

TWIN Company Profile

Twin Disc, Incorporated, incorporated on September 12, 1918, designs, makes and sells marine and heavy duty off-highway power transmission equipment. The Firm operates through two divisions: manufacturing and distribution. The Company’s products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems. The Company’s industrial products include clutches, power take-offs and pump drives sold to the agriculture, recycling, construction, and gas and oil markets. The Company’s land transmission products include applications for oilfield and natural gas, military, and airport rescue and firefighting. The Company’s marine and propulsion systems include marine transmission, controls, surface drives, propellers and boat management systems for the global commercial, pleasure craft and patrol boat markets. The Company’s other products include non-Company manufactured product sold through Company-owned distribution entities.

Another recent and important Twin Disc, Incorporated (NASDAQ:TWIN) news was published by Twst.com which published an article titled: “Twin Disc Incorporated: Twin Disc, Inc. Announces Fiscal 2017 First-Quarter …” on October 24, 2016.

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By Clifton Ray


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