NL Industries, Inc. (NYSE:NL) Short Interest Update

NL Industries, Inc. (NYSE:NL) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 87,700 shares, a decrease of 22.2% from the December 31st total of 112,700 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 30,200 shares, the short-interest ratio is currently 2.9 days.

NL Industries Price Performance

Shares of NL stock opened at $8.17 on Friday. The business’s fifty day moving average price is $7.91 and its 200 day moving average price is $7.34. NL Industries has a 1-year low of $5.00 and a 1-year high of $9.42. The firm has a market capitalization of $399.10 million, a PE ratio of 6.81 and a beta of 0.54.

NL Industries (NYSE:NL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.74 EPS for the quarter. The company had revenue of $33.60 million for the quarter. NL Industries had a return on equity of 14.74% and a net margin of 38.69%.

Institutional Trading of NL Industries

A number of institutional investors have recently bought and sold shares of NL. Gladius Capital Management LP purchased a new stake in NL Industries during the third quarter worth $39,000. Barclays PLC lifted its position in shares of NL Industries by 311.4% in the third quarter. Barclays PLC now owns 11,934 shares of the basic materials company’s stock valued at $89,000 after acquiring an additional 9,033 shares in the last quarter. Rhumbline Advisers lifted its position in shares of NL Industries by 17.6% in the fourth quarter. Rhumbline Advisers now owns 14,816 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 2,217 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of NL Industries by 112.1% in the third quarter. JPMorgan Chase & Co. now owns 22,357 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 11,815 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of NL Industries by 1,454.4% in the third quarter. BNP Paribas Financial Markets now owns 22,492 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 21,045 shares in the last quarter. 10.67% of the stock is currently owned by hedge funds and other institutional investors.

About NL Industries

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.