Enerpac Tool Group Corp. (NYSE:EPAC) Short Interest Up 27.8% in January

Enerpac Tool Group Corp. (NYSE:EPAC) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 827,400 shares, a growth of 27.8% from the December 31st total of 647,400 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 362,100 shares, the short-interest ratio is currently 2.3 days.

Enerpac Tool Group Stock Performance

Shares of NYSE:EPAC traded up $0.08 during trading hours on Monday, hitting $45.27. The stock had a trading volume of 252,464 shares, compared to its average volume of 305,707. Enerpac Tool Group has a 1-year low of $30.43 and a 1-year high of $51.91. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 27.60 and a beta of 1.17. The stock’s fifty day simple moving average is $44.70 and its 200 day simple moving average is $43.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. Sell-side analysts anticipate that Enerpac Tool Group will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enerpac Tool Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Enerpac Tool Group by 110.7% in the 3rd quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after purchasing an additional 436 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Enerpac Tool Group in the third quarter valued at $40,000. GAMMA Investing LLC lifted its position in shares of Enerpac Tool Group by 31.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock valued at $42,000 after acquiring an additional 238 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Enerpac Tool Group during the 3rd quarter worth $42,000. Finally, Venturi Wealth Management LLC acquired a new stake in Enerpac Tool Group during the 4th quarter worth about $51,000. 97.70% of the stock is owned by institutional investors.

About Enerpac Tool Group

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.