Titan Machinery Inc. (NASDAQ:TITN) Short Interest Update

Titan Machinery Inc. (NASDAQ:TITN) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 1,110,000 shares, a drop of 19.6% from the February 13th total of 1,380,000 shares. Currently, 5.4% of the shares of the company are short sold. Based on an average trading volume of 268,400 shares, the short-interest ratio is presently 4.1 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TITN shares. Robert W. Baird upgraded shares of Titan Machinery from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $14.00 to $25.00 in a research note on Monday, January 27th. Baird R W upgraded shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.20.

Titan Machinery Trading Down 3.3 %

Titan Machinery stock opened at $13.86 on Wednesday. The stock has a market cap of $320.53 million, a P/E ratio of 10.34 and a beta of 1.28. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15. Titan Machinery has a 1 year low of $12.30 and a 1 year high of $27.13. The firm’s 50 day moving average price is $16.56 and its 200-day moving average price is $15.08.

Institutional Investors Weigh In On Titan Machinery

Several institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its position in shares of Titan Machinery by 0.5% during the fourth quarter. American Century Companies Inc. now owns 1,229,637 shares of the company’s stock valued at $17,375,000 after buying an additional 5,938 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Titan Machinery by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,193,202 shares of the company’s stock valued at $16,860,000 after purchasing an additional 4,955 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Titan Machinery by 2.0% in the fourth quarter. William Blair Investment Management LLC now owns 920,090 shares of the company’s stock valued at $13,001,000 after purchasing an additional 17,689 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Titan Machinery by 5.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 868,401 shares of the company’s stock valued at $12,270,000 after purchasing an additional 48,445 shares in the last quarter. Finally, Voss Capital LP grew its holdings in shares of Titan Machinery by 141.7% in the fourth quarter. Voss Capital LP now owns 684,459 shares of the company’s stock valued at $9,671,000 after purchasing an additional 401,302 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.