Napco Security Technologies Inc (NASDAQ:NSSC) Short Interest Update


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Napco Security Technologies Inc (NASDAQ:NSSC) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 1,356,800 shares, a growth of 16.3% from the July 31st total of 1,167,000 shares. Based on an average daily volume of 196,100 shares, the short-interest ratio is currently 6.9 days. Currently, 11.8% of the shares of the company are sold short.

Shares of NASDAQ NSSC opened at $27.58 on Friday. Napco Security Technologies has a 12 month low of $12.93 and a 12 month high of $34.91. The company has a 50 day simple moving average of $29.93 and a two-hundred day simple moving average of $26.22. The stock has a market cap of $481.46 million, a price-to-earnings ratio of 41.79 and a beta of 0.59.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Tuesday, September 3rd. The industrial products company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. Napco Security Technologies had a net margin of 11.88% and a return on equity of 18.83%. The business had revenue of $29.58 million during the quarter, compared to analysts’ expectations of $29.47 million. During the same period in the previous year, the business posted $0.20 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Sell-side analysts forecast that Napco Security Technologies will post 0.86 earnings per share for the current fiscal year.

A number of research firms recently commented on NSSC. Canaccord Genuity lifted their target price on shares of Napco Security Technologies from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. BidaskClub cut shares of Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 6th. Imperial Capital began coverage on shares of Napco Security Technologies in a research note on Friday, June 21st. They issued an “outperform” rating and a $36.00 target price for the company. ValuEngine cut shares of Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, September 7th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Napco Security Technologies currently has an average rating of “Buy” and an average price target of $29.66.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advantage Investment Management LLC lifted its stake in Napco Security Technologies by 24.9% during the 2nd quarter. Advantage Investment Management LLC now owns 2,845 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 568 shares during the period. Strs Ohio lifted its stake in Napco Security Technologies by 7.6% during the 2nd quarter. Strs Ohio now owns 9,900 shares of the industrial products company’s stock valued at $293,000 after acquiring an additional 700 shares during the period. Denali Advisors LLC lifted its stake in Napco Security Technologies by 581.5% during the 2nd quarter. Denali Advisors LLC now owns 1,070 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 913 shares during the period. Navellier & Associates Inc lifted its stake in Napco Security Technologies by 7.8% during the 2nd quarter. Navellier & Associates Inc now owns 12,736 shares of the industrial products company’s stock valued at $378,000 after acquiring an additional 925 shares during the period. Finally, Bank of Montreal Can lifted its stake in Napco Security Technologies by 249.5% during the 2nd quarter. Bank of Montreal Can now owns 1,552 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 1,108 shares during the period. Institutional investors and hedge funds own 43.34% of the company’s stock.

About Napco Security Technologies

Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

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