What Next for Nacco Industries Incorporated (NYSE:NC) Stock After Increase in Shorted Shares?

July 17, 2017 - By Kurt Siggers

 What Next for Nacco Industries Incorporated (NYSE:NC) Stock After Increase in Shorted Shares?

Investors sentiment decreased to 0.95 in Q4 2016. Its down 0.38, from 1.33 in 2016Q3. It is negative, as 8 investors sold NACCO Industries, Inc. shares while 35 reduced holdings. 11 funds opened positions while 30 raised stakes. 3.48 million shares or 2.33% less from 3.56 million shares in 2016Q3 were reported.
Brandywine Glob Ltd Liability Corp invested in 3,970 shares. Blackrock Gp Limited stated it has 0% in NACCO Industries, Inc. (NYSE:NC). Martingale Asset Mngmt Ltd Partnership reported 20,305 shares. Dimensional Fund Advsrs Limited Partnership reported 445,222 shares. 46,709 are held by Aqr Capital Management Ltd Liability Co. 1,049 are held by Legal & General Grp Inc Public Limited Com. 32,960 are owned by State Bank Of New York Mellon Corp. Acadian Asset Mngmt Ltd Liability Corp reported 0.06% in NACCO Industries, Inc. (NYSE:NC). Moreover, Jpmorgan Chase has 0% invested in NACCO Industries, Inc. (NYSE:NC) for 173,056 shares. Walleye Trading Lc reported 0% in NACCO Industries, Inc. (NYSE:NC). California State Teachers Retirement accumulated 8,034 shares or 0% of the stock. Sei holds 0% of its portfolio in NACCO Industries, Inc. (NYSE:NC) for 167 shares. Swiss State Bank has 6,000 shares. Zuckerman Investment Grp Inc Ltd reported 334,439 shares. 1,370 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank).

Since March 2, 2017, it had 0 buys, and 1 insider sale for $43,257 activity. Maloney Mary D also sold $43,257 worth of NACCO Industries, Inc. (NYSE:NC) on Thursday, March 2.

The stock of Nacco Industries Incorporated (NYSE:NC) registered an increase of 4.87% in short interest. NC’s total short interest was 94,700 shares in July as published by FINRA. Its up 4.87% from 90,300 shares, reported previously. With 20,500 shares average volume, it will take short sellers 5 days to cover their NC’s short positions. The short interest to Nacco Industries Incorporated’s float is 2.92%.

The stock increased 0.37% or $0.25 on July 17, reaching $67.2. About 6,626 shares traded. NACCO Industries, Inc. (NYSE:NC) has risen 29.29% since July 17, 2016 and is uptrending. It has outperformed by 12.59% the S&P500.

NACCO Industries, Inc. is a holding company. The company has market cap of $454.15 million. The Company’s principal businesses include mining, small appliances and specialty retail. It has a 14.47 P/E ratio. The Firm operates through three divisions: NACoal, HBB and KC.

More notable recent NACCO Industries, Inc. (NYSE:NC) news were published by: Seekingalpha.com which released: “Update: NACCO Industries Acquires Weston Products” on December 18, 2014, also Quotes.Wsj.com with their article: “NACCO Industries Inc. Cl A” published on February 11, 2011, Seekingalpha.com published: “Nacco Industries Unlocking Value With Spin-Off” on September 28, 2012. More interesting news about NACCO Industries, Inc. (NYSE:NC) were released by: Prnewswire.com and their article: “NACCO Industries, Inc. Announces First Quarter 2017 Results” published on May 02, 2017 as well as Prnewswire.com‘s news article titled: “NACCO Industries, Inc. Announces Fourth Quarter And Full Year 2016 Results” with publication date: March 01, 2017.

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