Short Interest Coverage: What’s Next for Drew Industries Incorporated (NYSE:DW) After Having More Shares Shorted?

December 1, 2016 - By Richard Conner   ·   0 Comments

Short Interest Coverage: What's Next for Drew Industries Incorporated (NYSE:DW) After Having More Shares Shorted?

The stock of Drew Industries Incorporated (NYSE:DW) registered an increase of 12.87% in short interest. DW’s total short interest was 960,500 shares in December as published by FINRA. Its up 12.87% from 851,000 shares, reported previously. With 271,600 shares average volume, it will take short sellers 4 days to cover their DW’s short positions. The short interest to Drew Industries Incorporated’s float is 4.04%. About 139,209 shares traded hands. Drew Industries, Inc. (NYSE:DW) has risen 62.92% since April 28, 2016 and is uptrending. It has outperformed by 57.00% the S&P500.

Drew Industries Incorporated, through its subsidiaries, supplies an array of components in the United States and abroad for the manufacturers of recreational vehicles and manufactured homes. The company has a market cap of $2.57 billion. The Firm also supplies components for adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; pontoon boats; modular housing, and mobile office units. It has a 22.03 P/E ratio. It operates in two divisions, which include the recreational vehicle products segment (the RV Segment), and the manufactured housing products segment (the MH Segment).

Insitutional Activity: The institutional sentiment decreased to 1.53 in 2016 Q2. Its down 0.22, from 1.75 in 2016Q1. The ratio dived, as 15 funds sold all Drew Industries, Inc. shares owned while 52 reduced positions. 51 funds bought stakes while 66 increased positions. They now own 23.25 million shares or 1.29% more from 22.96 million shares in 2016Q1.
Origin Asset Mgmt Ltd Liability Partnership holds 0.77% or 136,091 shares in its portfolio. Rs Invest Management Co Limited Liability Com holds 0.04% or 41,560 shares in its portfolio. D E Shaw And holds 0.01% or 44,194 shares in its portfolio. Blackrock Fund Advisors holds 1.53 million shares or 0.03% of its portfolio. Blackrock Inc holds 0% of its portfolio in Drew Industries, Inc. (NYSE:DW) for 3,044 shares. Victory Mngmt, a Ohio-based fund reported 76,135 shares. The Ohio-based Strs Ohio has invested 0% in Drew Industries, Inc. (NYSE:DW). Texas Permanent School Fund accumulated 0.02% or 18,737 shares. Ahl Partners Llp holds 6,479 shares or 0.03% of its portfolio. Trexquant Investment L P has 0.09% invested in the company for 8,443 shares. Murphy Mngmt holds 2,500 shares or 0.03% of its portfolio. Moreover, Hightower Limited Liability Company has 0.01% invested in Drew Industries, Inc. (NYSE:DW) for 13,300 shares. Albion Finance Group Ut has 2,598 shares for 0.04% of their US portfolio. California Pub Employees Retirement System holds 0.01% of its portfolio in Drew Industries, Inc. (NYSE:DW) for 63,500 shares. Bbva Compass Bank holds 0.07% of its portfolio in Drew Industries, Inc. (NYSE:DW) for 10,569 shares.

Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 13 insider sales for $5.65 million net activity. ABRAMS LEIGH J had sold 5,527 shares worth $447,190 on Wednesday, June 15. 2,800 shares were sold by LIPPERT JASON, worth $286,916. On Monday, November 14 the insider HEGI FREDERICK B JR sold $187,200. The insider Mereness Scott T sold 3,000 shares worth $240,000. Deely Brendan sold 3,500 shares worth $350,000. The insider Hall Brian Michael sold $55,427. $103,000 worth of Drew Industries, Inc. (NYSE:DW) shares were sold by Schnur Jamie.

Drew Industries, Inc. (NYSE:DW) Ratings Coverage

Out of 3 analysts covering Drew Industries (NYSE:DW), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Drew Industries has been the topic of 4 analyst reports since October 8, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Citigroup on Friday, May 20. The stock has “Buy” rating given by CL King on Friday, November 4. The firm has “Buy” rating by Sidoti given on Thursday, October 8. As per Monday, August 15, the company rating was maintained by Citigroup.

DW Company Profile

Drew Industries Incorporated, incorporated on March 20, 1984, through its subsidiaries, supplies an array of components in the United States and abroad for the manufacturers of recreational vehicles (RVs) and manufactured homes. The Firm also supplies components for adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; pontoon boats; modular housing, and mobile office units. The Firm operates in two divisions, which include the recreational vehicle products segment (the RV Segment), and the manufactured housing products segment (the MH Segment). RVs are motorized (motorhomes) or towable, such as travel trailers, fifth-wheel travel trailers, folding camping trailers and truck campers.

More important recent Drew Industries, Inc. (NYSE:DW) news were published by: Prnewswire.com which released: “Drew Industries Reports 2016 Third Quarter Results” on November 03, 2016, also Prnewswire.com published article titled: “Drew Industries Announces Executive Change”, Prnewswire.com published: “Drew Industries Reports 2016 Second Quarter Results” on August 04, 2016. More interesting news about Drew Industries, Inc. (NYSE:DW) was released by: Prnewswire.com and their article: “Drew Industries Acquires Highwater Marine Furniture Division” with publication date: January 27, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Richard Conner


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>