Short Interest in Napco Security Technologies Inc (NASDAQ:NSSC) Rises By 16.3%

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Napco Security Technologies Inc (NASDAQ:NSSC) was the target of a significant 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. Approximately 11.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 196,100 shares, the days-to-cover ratio is presently 6.9 days.

NSSC has been the topic of a number of analyst reports. Canaccord Genuity increased their price target on Napco Security Technologies from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Lake Street Capital initiated coverage on Napco Security Technologies in a research report on Tuesday, June 11th. They set a “buy” rating and a $35.00 price target on the stock. BidaskClub downgraded Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th. ValuEngine downgraded Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research downgraded Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, September 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Napco Security Technologies has a consensus rating of “Buy” and an average target price of $29.66.

Several institutional investors and hedge funds have recently made changes to their positions in NSSC. GW&K Investment Management LLC bought a new position in shares of Napco Security Technologies in the 2nd quarter valued at $5,758,000. EAM Global Investors LLC bought a new position in shares of Napco Security Technologies in the 1st quarter valued at $1,515,000. Allianz Asset Management GmbH lifted its stake in shares of Napco Security Technologies by 41.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 232,981 shares of the industrial products company’s stock valued at $6,914,000 after acquiring an additional 68,541 shares during the last quarter. Bowling Portfolio Management LLC bought a new position in shares of Napco Security Technologies in the 2nd quarter valued at $2,023,000. Finally, Isthmus Partners LLC bought a new position in shares of Napco Security Technologies in the 2nd quarter valued at $1,781,000. Institutional investors own 43.34% of the company’s stock.

Shares of NSSC stock traded down $0.02 during trading hours on Friday, reaching $27.56. The company’s stock had a trading volume of 128,855 shares, compared to its average volume of 236,073. The firm’s 50 day simple moving average is $29.95 and its 200-day simple moving average is $26.26. The company has a market capitalization of $481.45 million, a price-to-earnings ratio of 41.76 and a beta of 0.59. Napco Security Technologies has a fifty-two week low of $12.93 and a fifty-two week high of $34.91.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Tuesday, September 3rd. The industrial products company reported $0.26 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.26. Napco Security Technologies had a return on equity of 18.83% and a net margin of 11.88%. The firm had revenue of $29.58 million for the quarter, compared to the consensus estimate of $29.47 million. During the same quarter last year, the business posted $0.20 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. On average, research analysts expect that Napco Security Technologies will post 0.86 EPS for the current year.

Napco Security Technologies Company Profile

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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