Taylor Devices, Inc. (NASDAQ:TAYD) Quick Interest Update

Taylor Devices, Inc. (NASDAQ:TAYD – Get Free Report) saw a significant increase in short interest interest in May. As of May 31, short interest was 47,400 shares, an increase of 66.9% from 28,400 shares as of May 15. Short sales concern approximately 1.6% of the company’s shares. With an average trading volume of 25,100 shares, the days-to-cover ratio is currently 1.9 days.

Taylor Appliance Stock Performance

On Thursday, NASDAQ TAYD fell $0.93 to $44.00. A total of 11,181 shares of the company’s stock traded, compared to average volume of 21,493. The company has a market capitalization of $154.92 million, a price-to-earnings ratio of 17.67 and a beta of 1.01. Taylor Devices has a fifty-two week low of $18.06 and a fifty-two week high of $61.69. The stock has a 50-day moving average price of $49.45 and a 200-day moving average price of $38.32.

Taylor Devices (NASDAQ:TAYD – Get Free Report) last announced its quarterly earnings results on Thursday, March 28th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter. During the quarter, the company’s revenue was $12.25 million. Taylor Devices had a return on equity of 16.84% and a net margin of 19.87%.

Wall Street analysts predict growth

Regardless, on Tuesday, April 9, StockNews.com downgraded Taylor Devices from “decide buy” to “buy.”

Download our latest report on Taylor devices

Hedge funds influence Taylor’s devices

A number of hedge funds have recently bought and sold shares of TAYD. National Wealth Management Group LLC acquired a new stake in shares of Taylor Devices during the first quarter worth approximately $590,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Taylor Devices during the first quarter worth approximately $488,000. Elkhorn Partners Limited Partnership increased its position in shares of Taylor Devices by 47.2% during the first quarter. Elkhorn Partners Limited Partnership now owns 26,205 shares of the industrial products company’s stock valued at $1,304,000 after acquiring an additional 8,405 shares in the last quarter. Johnson Bixby & Associates LLC acquired a new stake in shares of Taylor Devices during the first quarter worth approximately $373,000. Finally, Vanguard Group Inc. increased its holdings in Taylor Devices shares by 6.7% in the first quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock valued at $2,809,000 after acquiring an additional 3,561 shares in the last quarter. Hedge funds and other institutional investors hold 17.62% of the company’s shares.

About Taylor devices

(Get the free report)

Taylor Devices, Inc engages in the design, development, manufacture and marketing of shock absorption, speed control and energy storage devices for use in machinery, equipment and structures in the United States, Asia and around the world. Its products include seismic dampers designed to mitigate the effects of earthquakes on structures; Fluidicshoks, i.e. compact shock absorbers used mainly in the defense, aviation and commercial industries; and crane and industrial buffers, which are larger versions of Fluidicshocks for industrial applications in cranes and crane dollies, truck docks, ladle and ingot carts, ore carts and rail car stops.

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