From MarketBeat:

Powell Industries, Inc. (NASDAQ:POWL) experienced a significant increase in short interest in December, with 452,100 shares being shorted, which is a 52.7% increase from November. The short-interest ratio is at 3.1 days, and approximately 4.9% of company shares are short sold. StockNews.com recently upgraded Powell Industries from a “buy” to a “strong-buy” rating.

A major shareholder of Powell Industries, Thomas W. Powell, recently sold a total of 15,357 shares of company stock, raking in over $1.3 million from these transactions. Corporate insiders currently own 2.40% of the company’s stock.

Institutions and hedge funds are also taking notice of Powell Industries, as large investors have recently been modifying their holdings of the company, with some raising their stake by more than 50%.

Powell Industries has seen a dip in stock price, trading down 0.9% on Monday. The company’s stock has a fifty-two week high of $97.63 and a low of $33.98. The company also recently announced earnings results, beating analyst estimates for EPS by $0.71.

The company also recently announced a quarterly dividend, of $0.262 per share. This represents a $1.05 dividend on an annualized basis, with a dividend yield of 1.19%.

Powell Industries designs, develops, and manufactures custom-engineered equipment and systems for its clients. Their principal products include integrated power control room substations, custom-engineered modules, and medium-voltage circuit breakers, among others.

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If you’re considering investing in Powell Industries, you may want to weigh it against the five stocks Wall Street’s top-rated analysts are recommending, as well as the stocks that institutional investors are buying.



Read more: Powell Industries, Inc. (NASDAQ:POWL) Sees Large Increase in Short Interest