What’s Propelling Thermon Group Holdings Inc (NYSE:THR) After Lower Shorts Reported?

July 14, 2018 - By Julie Barnes

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.42, from 1.37 in 2017Q4. It is negative, as 6 investors sold Thermon Group Holdings, Inc. shares while 36 reduced holdings. 8 funds opened positions while 32 raised stakes. 32.04 million shares or 0.82% less from 32.30 million shares in 2017Q4 were reported.
Sei Investments Company invested in 8,512 shares or 0% of the stock. Swiss Comml Bank invested in 0% or 56,500 shares. Fdx Advsrs invested 0.01% in Thermon Group Holdings, Inc. (NYSE:THR). Services Automobile Association has 0.03% invested in Thermon Group Holdings, Inc. (NYSE:THR). New South Cap Mgmt Inc owns 648,763 shares. 1.98 million were accumulated by Blackrock Inc. State Board Of Administration Of Florida Retirement System holds 20,460 shares. Hotchkis And Wiley Cap Llc owns 56,955 shares or 0.01% of their US portfolio. 1,276 are owned by Advisory Ser Networks Llc. Rutabaga Cap Management Lc Ma accumulated 751,849 shares or 3.96% of the stock. Great Lakes Advsr Limited Liability Com has invested 0.08% in Thermon Group Holdings, Inc. (NYSE:THR). Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Thermon Group Holdings, Inc. (NYSE:THR). Vanguard Gru invested 0% in Thermon Group Holdings, Inc. (NYSE:THR). Sterling Capital Mgmt Ltd Limited Liability Company holds 141,289 shares. Granite Prns Ltd invested in 68,850 shares.

The stock of Thermon Group Holdings Inc (NYSE:THR) registered a decrease of 0.78% in short interest. THR’s total short interest was 569,700 shares in July as published by FINRA. Its down 0.78% from 574,200 shares, reported previously. With 65,600 shares average volume, it will take short sellers 9 days to cover their THR’s short positions. The short interest to Thermon Group Holdings Inc’s float is 1.78%.

The stock increased 1.12% or $0.26 during the last trading session, reaching $23.48. About 52,677 shares traded. Thermon Group Holdings, Inc. (NYSE:THR) has risen 23.80% since July 14, 2017 and is uptrending. It has outperformed by 11.23% the S&P500.

Thermon Group Holdings, Inc. provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. The company has market cap of $763.05 million. The Company’s products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It has a 65.22 P/E ratio. The firm offers self-regulating and power limiting heating cables, which automatically increase or decrease heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated cables for generating high temperatures used in harsh environments; skin effect trace heaters, which could heat lines up to 15 miles long from a single power point; and heat traced tube bundles for environmental gas sampling systems.

Thermon Group Holdings, Inc. (NYSE:THR) Ratings Coverage

Among 3 analysts covering Thermon Group Holdings Inc (NYSE:THR), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Thermon Group Holdings Inc had 4 analyst reports since January 25, 2018 according to SRatingsIntel. The rating was maintained by SunTrust with “Hold” on Friday, February 9. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, January 25. The firm has “Buy” rating by BMO Capital Markets given on Thursday, February 8. The firm earned “Buy” rating on Thursday, April 26 by Johnson Rice.

Thermon Group Holdings, Inc. (NYSE:THR) Institutional Positions Chart

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