NL Industries, Inc. (NYSE:NL) Short Interest Down 22.2% in January

NL Industries, Inc. (NYSE:NL) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 87,700 shares, a decrease of 22.2% from the December 31st total of 112,700 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average trading volume of 30,200 shares, the days-to-cover ratio is currently 2.9 days.

NL Industries Trading Down 6.1 %

Shares of NYSE NL traded down $0.50 during midday trading on Friday, reaching $7.69. The company’s stock had a trading volume of 111,164 shares, compared to its average volume of 23,986. The stock has a 50 day simple moving average of $7.90 and a 200-day simple moving average of $7.36. The stock has a market capitalization of $375.66 million, a price-to-earnings ratio of 6.41 and a beta of 0.54. NL Industries has a fifty-two week low of $5.00 and a fifty-two week high of $9.42.

NL Industries (NYSE:NL) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $33.60 million for the quarter. NL Industries had a net margin of 38.69% and a return on equity of 14.74%.

Institutional Trading of NL Industries

Several institutional investors and hedge funds have recently bought and sold shares of NL. Gladius Capital Management LP bought a new stake in shares of NL Industries during the 3rd quarter valued at $39,000. Barclays PLC grew its stake in NL Industries by 311.4% during the third quarter. Barclays PLC now owns 11,934 shares of the basic materials company’s stock worth $89,000 after buying an additional 9,033 shares in the last quarter. Rhumbline Advisers increased its holdings in NL Industries by 17.6% in the 4th quarter. Rhumbline Advisers now owns 14,816 shares of the basic materials company’s stock valued at $115,000 after buying an additional 2,217 shares during the period. JPMorgan Chase & Co. raised its position in shares of NL Industries by 112.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,357 shares of the basic materials company’s stock valued at $166,000 after buying an additional 11,815 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of NL Industries by 1,454.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,492 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 21,045 shares during the period. Institutional investors own 10.67% of the company’s stock.

About NL Industries

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.