Thermon Group Holdings, Inc. (NYSE:THR) Short Interest Up 30.5% in March

Key Points

• Short interest in Thermon Group (NYSE:THR) rose 30.5% in March to 834,302 shares, representing 2.6% of the float and a short-interest ratio of 1.2 days.
• Thermon beat quarterly expectations with $0.66 EPS (vs. $0.59) and $147.31M revenue (vs. $138.35M), reported revenue up 9.6% year-over-year, and set FY 2026 guidance of $1.64–$1.78 EPS (analysts forecast $1.88).
• Analyst sentiment has cooled with multiple downgrades, leaving a consensus rating of Hold (1 Buy, 5 Hold) and an average price target of $57.00.

Thermon Group Holdings, Inc. (NYSE:THR - Get Free Report) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 834,302 shares, a growth of 30.5% from the February 26th total of 639,173 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily volume of 697,561 shares, the short-interest ratio is currently 1.2 days.

Thermon Group Price Performance

THR traded up $0.13 during midday trading on Friday, hitting $51.19. The stock had a trading volume of 270,645 shares, compared to its average volume of 604,439. Thermon Group has a 1 year low of $23.05 and a 1 year high of $58.56. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.90. The business has a fifty day moving average of $48.04 and a 200 day moving average of $38.17. The company has a market cap of $1.68 billion, a P/E ratio of 29.09 and a beta of 0.70.

Thermon Group (NYSE:THR - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.59 by $0.07. Thermon Group had a net margin of 11.26% and a return on equity of 13.82%. The firm had revenue of $147.31 million for the quarter, compared to the consensus estimate of $138.35 million. During the same period last year, the firm posted $0.56 earnings per share. The business's revenue was up 9.6% compared to the same quarter last year. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, equities analysts forecast that Thermon Group will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. CJS Securities downgraded Thermon Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Thermon Group in a research report on Monday, December 29th. Roth Mkm cut shares of Thermon Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 25th. Zacks Research cut shares of Thermon Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Finally, Wall Street Zen downgraded shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 1st. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $57.00.

Institutional Trading of Thermon Group

Several institutional investors have recently added to or reduced their stakes in THR. Canada Pension Plan Investment Board purchased a new position in shares of Thermon Group in the second quarter worth about $31,000. Assetmark Inc. grew its position in Thermon Group by 68.1% during the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company's stock worth $41,000 after acquiring an additional 620 shares during the last quarter. Danske Bank A S bought a new position in Thermon Group during the 3rd quarter worth approximately $45,000. State of Alaska Department of Revenue purchased a new position in Thermon Group in the 3rd quarter worth approximately $48,000. Finally, Federated Hermes Inc. increased its stake in Thermon Group by 18.5% in the 3rd quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company's stock worth $70,000 after purchasing an additional 409 shares during the period. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Company Profile

Thermon Group, Inc NYSE: THR is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon's core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.

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