From MarketBeat:

Virco Mfg. Co. NASDAQ:VIRC saw a large growth in short interest in January. As of January 15th, there was short interest totaling 284,400 shares, a growth of 93.7% from the December 31st total of 146,800 shares. Currently, 2.3% of the shares of the stock are sold short.

NASDAQ:VIRC traded up $0.11 on Friday, hitting $12.60. The stock has a market capitalization of $205.97 million, a price-to-earnings ratio of 7.28 and a beta of 0.71. The company had revenue of $84.25 million during the quarter, compared to analysts’ expectations of $81.30 million.

Virco Mfg. last announced its quarterly earnings data on Friday, December 8th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.23. Equities research analysts forecast that Virco Mfg. will post 1.35 earnings per share for the current year.

Virco Mfg. also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 22nd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.63%.

A number of research firms recently issued reports on VIRC. TheStreet cut Virco Mfg. from a “b-” rating to a “c” rating in a report on Friday, December 8th.

In related news, VP Patricia Levine Quinones sold 3,600 shares of Virco Mfg. stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $12.42, for a total value of $44,712.00. Corporate insiders now own 20.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Minerva Advisors LLC increased its stake in shares of Virco Mfg. by 12.2% in the 3rd quarter.

Virco Mfg. Corporation designs, produces, and distributes furniture in the United States. It offers seating products, including 4-leg chairs, cantilever chairs, mobile task chairs and lab stools, tablet armchairs, steel-frame and floor rockers, series stools, hard plastic seating, folding and upholstered stack chairs, and plastic stack and upholstered ergonomic chairs.



Read more: Virco Mfg. Co. (NASDAQ:VIRC) Sees Large Increase in Short Interest