P & F Industries, Inc. (NASDAQ:PFIN) Sees Significant Growth in Short Interest

P & F Industries, Inc. (NASDAQ:PFIN) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 1,400 shares, an increase of 250.0% from the July 31st total of 400 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 0.9 days.

PFIN stock traded up $0.17 during midday trading on Wednesday, reaching $7.03. The business’s 50 day moving average is $7.37 and its 200 day moving average is $8.05. The stock has a market capitalization of $21.93 million, a P/E ratio of 3.81 and a beta of 0.15. P & F Industries has a twelve month low of $6.03 and a twelve month high of $9.00.

P & F Industries (NASDAQ:PFIN) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.71 EPS for the quarter. P & F Industries had a net margin of 9.89% and a return on equity of 13.52%. The business had revenue of $14.80 million for the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 19th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.85%.

A hedge fund recently raised its stake in P & F Industries stock. James Investment Research Inc. grew its position in P & F Industries, Inc. (NASDAQ:PFIN) by 31.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,300 shares of the company’s stock after purchasing an additional 1,500 shares during the period. James Investment Research Inc. owned about 0.20% of P & F Industries worth $52,000 at the end of the most recent quarter. 3.68% of the stock is owned by institutional investors and hedge funds.

P & F Industries Company Profile

P&F Industries, Inc, through its subsidiaries, manufactures, imports, and sells air-powered tools and accessories primarily to the retail, industrial, and automotive markets in the United States and internationally. The company designs, imports, and sells pneumatic hand tools, including sanders, grinders, drills, saws, and impact wrenches under the Florida Pneumatic, Universal Tool, AIRCAT, and NITROCAT names through in-house sales personnel and manufacturers' representatives to retailers, distributors, and private label customers.

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