Short Interest in Twin Disc, Incorporated (NASDAQ:TWIN) Drops By 10.1%

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Twin Disc, Incorporated (NASDAQ:TWIN) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 128,700 shares, a decline of 10.1% from the June 30th total of 143,100 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is currently 3.8 days.

TWIN stock traded down $0.38 during midday trading on Thursday, hitting $9.97. The company had a trading volume of 52,600 shares, compared to its average volume of 29,472. The company has a current ratio of 3.00, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. Twin Disc has a 52 week low of $9.72 and a 52 week high of $26.94. The stock’s 50 day moving average price is $13.08 and its 200 day moving average price is $15.38. The stock has a market cap of $137.80 million, a price-to-earnings ratio of 12.01 and a beta of 2.00.

Twin Disc (NASDAQ:TWIN) last announced its quarterly earnings data on Friday, August 9th. The industrial products company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.20). Twin Disc had a net margin of 4.07% and a return on equity of 6.76%. The company had revenue of $72.45 million during the quarter, compared to the consensus estimate of $72.85 million. Analysts predict that Twin Disc will post 0.19 earnings per share for the current year.

Several analysts have weighed in on TWIN shares. Zacks Investment Research downgraded Twin Disc from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 3rd. BidaskClub downgraded Twin Disc from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. ValuEngine upgraded Twin Disc from a “sell” rating to a “hold” rating in a research report on Thursday. Robert W. Baird set a $14.00 price objective on Twin Disc and gave the company a “hold” rating in a research report on Monday. Finally, TheStreet downgraded Twin Disc from a “b-” rating to a “c+” rating in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.33.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in shares of Twin Disc by 5.0% during the first quarter. Rhumbline Advisers now owns 13,848 shares of the industrial products company’s stock valued at $231,000 after buying an additional 665 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Twin Disc by 606.3% during the first quarter. BNP Paribas Arbitrage SA now owns 2,020 shares of the industrial products company’s stock valued at $34,000 after buying an additional 1,734 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Twin Disc by 8.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 23,813 shares of the industrial products company’s stock valued at $360,000 after buying an additional 1,948 shares during the period. Perritt Capital Management Inc. increased its stake in shares of Twin Disc by 4.3% during the second quarter. Perritt Capital Management Inc. now owns 48,900 shares of the industrial products company’s stock valued at $738,000 after buying an additional 2,000 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Twin Disc by 17.3% during the fourth quarter. Bank of America Corp DE now owns 18,103 shares of the industrial products company’s stock valued at $267,000 after buying an additional 2,670 shares during the period. 57.05% of the stock is currently owned by hedge funds and other institutional investors.

About Twin Disc

Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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