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

Burnham Holdings, Inc. (OTCMKTS:BURCA) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 2,100 shares, a decrease of 8.7% from the October 15th total of 2,300 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is presently 1.0 days.

Burnham Trading Down 2.0 %

BURCA traded down $0.27 during mid-day trading on Friday, reaching $13.53. The stock had a trading volume of 45,108 shares, compared to its average volume of 1,002. The firm’s fifty day simple moving average is $13.76 and its two-hundred day simple moving average is $13.16. The stock has a market capitalization of $45.32 million, a P/E ratio of 7.01 and a beta of 0.33. Burnham has a 52 week low of $11.50 and a 52 week high of $15.01. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 3.17.

Burnham (OTCMKTS:BURCA) last posted its quarterly earnings results on Thursday, October 24th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $64.69 million for the quarter. Burnham had a return on equity of 8.83% and a net margin of 3.51%.

Burnham Company Profile

Burnham Holdings, Inc designs, manufactures, and sells boilers and related heating, ventilation, and air conditioning products and accessories for residential, commercial, and industrial applications in the United States and internationally. Its residential hydronic heating products include cast iron, stainless steel, and steel boilers; cast iron and steel heat distribution products; radiators; and warm air furnaces and central air conditioning systems for the residential heating and cooling markets, including units for the manufactured housing industry.