Burnham Holdings Inc. (OTCMKTS:BURCA) Sees Large Growth in Short Interest

Burnham Holdings Inc. (OTCMKTS:BURCA) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 78 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,305 shares, the short-interest ratio is presently 0.1 days.

Burnham Trading Up 0.2%

BURCA stock traded up $0.05 during mid-day trading on Monday, reaching $23.15. 402 shares of the stock traded hands, compared to its average volume of 1,590. Burnham has a 52-week low of $22.04 and a 52-week high of $28.25. The stock’s fifty day moving average is $23.55 and its 200-day moving average is $24.72. The company has a market cap of $80.56 million, a P/E ratio of -4.43 and a beta of 0.15. The company has a current ratio of 2.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.17.

Burnham (OTCMKTS:BURCA) last released its earnings results on Thursday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter. Burnham had a negative net margin of 8.95% and a positive return on equity of 13.34%. The business had revenue of $56.60 million for the quarter.

About Burnham

Burnham Holdings, Inc is a holding company focused on heating equipment and related products. Through its operating subsidiaries, the company manufactures and markets boilers and other hydronic heating systems for residential, commercial and industrial applications.

Its product portfolio has included gas- and oil-fired boilers, cast-iron and steel heating equipment, water heaters and related replacement parts and accessories. The company’s brands and subsidiaries have included U.S. Boiler Company, New Yorker Boiler and Crown Boiler, serving heating contractors, distributors and building owners.

Burnham’s operations have primarily served customers in the United States and Canada.