Graham Corporation (NYSE:GHM) Sees Large Increase in Short Interest

Key Points

• Graham Corporation experienced a significant increase in short interest, rising 35.5% to 285,300 shares by August 15th, reflecting market skepticism.
• Institutional investors have increased their holdings in Graham, with notable increases such as Invesco's 1,396% rise in shares in the last quarter.
• Graham's stock performance is strong, with a buy rating from analysts and a consensus price target of $60.00, indicating potential for growth.

Graham Corporation (NYSE:GHM - Get Free Report) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 285,300 shares, an increase of 35.5% from the July 31st total of 210,500 shares. Based on an average daily volume of 114,800 shares, the short-interest ratio is presently 2.5 days. Based on an average daily volume of 114,800 shares, the short-interest ratio is presently 2.5 days.

Institutional Investors Weigh In On Graham

A number of large investors have recently modified their holdings of GHM. Northern Trust Corp boosted its holdings in shares of Graham by 1.6% in the 4th quarter. Northern Trust Corp now owns 96,073 shares of the industrial products company's stock valued at $4,272,000 after purchasing an additional 1,495 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Graham by 2.8% in the 4th quarter. Ameriprise Financial Inc. now owns 45,314 shares of the industrial products company's stock valued at $2,015,000 after purchasing an additional 1,248 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Graham by 22.7% in the 4th quarter. Bank of America Corp DE now owns 18,499 shares of the industrial products company's stock valued at $823,000 after purchasing an additional 3,423 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Graham in the 4th quarter valued at $279,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of Graham by 238.0% in the 4th quarter. Squarepoint Ops LLC now owns 30,393 shares of the industrial products company's stock valued at $1,352,000 after purchasing an additional 21,401 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GHM shares. Northland Securities started coverage on Graham in a research note on Monday, June 23rd. They set an "outperform" rating and a $55.00 target price on the stock. Maxim Group upgraded Graham to a "buy" rating and set a $65.00 target price on the stock in a research note on Wednesday, July 2nd. Finally, Northland Capmk upgraded Graham to a "strong-buy" rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $60.00.

Graham Price Performance

Graham stock traded down $0.64 during mid-day trading on Friday, reaching $48.94. 60,608 shares of the company were exchanged, compared to its average volume of 74,187. The company has a fifty day simple moving average of $50.87 and a 200-day simple moving average of $41.26. Graham has a 12 month low of $24.78 and a 12 month high of $58.00. The firm has a market cap of $537.31 million, a PE ratio of 38.84 and a beta of 0.95.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.20. Graham had a return on equity of 12.83% and a net margin of 6.43%.The firm had revenue of $55.49 million for the quarter, compared to analyst estimates of $55.53 million. Graham has set its FY 2026 guidance at EPS. Sell-side analysts anticipate that Graham will post 1.07 earnings per share for the current year.

Graham Company Profile

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.