Thermon Group Holdings, Inc. (NYSE:THR) Short Interest Update

Thermon Group Holdings, Inc. (NYSE:THR - Get Free Report) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 380,000 shares, a drop of 19.2% from the April 15th total of 470,500 shares. Based on an average daily trading volume, of 225,000 shares, the short-interest ratio is currently 1.7 days. Approximately 1.2% of the shares of the stock are short sold.

Thermon Group Trading Down 0.5 %

Shares of THR stock traded down $0.18 on Monday, hitting $34.18. 97,824 shares of the company's stock traded hands, compared to its average volume of 251,075. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.22. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 23.74 and a beta of 1.17. The company's fifty day simple moving average is $31.25 and its 200 day simple moving average is $30.55. Thermon Group has a one year low of $20.70 and a one year high of $34.91.

Institutional Investors Weigh In On Thermon Group

Institutional investors have recently bought and sold shares of the stock. AJOVista LLC purchased a new position in shares of Thermon Group in the fourth quarter valued at about $85,000. Quest Partners LLC purchased a new position in Thermon Group during the 4th quarter valued at about $167,000. QRG Capital Management Inc. bought a new position in Thermon Group during the 4th quarter valued at approximately $238,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Thermon Group in the 1st quarter worth approximately $255,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Thermon Group by 144.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,868 shares of the technology company's stock worth $257,000 after buying an additional 4,654 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com raised Thermon Group from a "hold" rating to a "buy" rating in a report on Saturday, May 4th. Roth Mkm assumed coverage on shares of Thermon Group in a research note on Wednesday, March 6th. They issued a "buy" rating and a $36.00 price target for the company. Finally, CJS Securities assumed coverage on shares of Thermon Group in a research report on Monday, April 29th. They set an "outperform" rating and a $42.00 price objective on the stock.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It provides heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.

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