Griffin Industrial Realty Inc (NASDAQ:GRIF) Short Interest Up 21.3% in October

Griffin Industrial Realty Inc (NASDAQ:GRIF) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 18,200 shares, a growth of 21.3% from the September 30th total of 15,000 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 10,700 shares, the short-interest ratio is currently 1.7 days.

Shares of NASDAQ GRIF traded down $0.41 during mid-day trading on Friday, reaching $38.30. The company had a trading volume of 800 shares, compared to its average volume of 4,777. The business’s 50-day simple moving average is $38.16 and its 200 day simple moving average is $37.38. The firm has a market cap of $198.49 million, a price-to-earnings ratio of 33.44 and a beta of 0.77. Griffin Industrial Realty has a one year low of $27.98 and a one year high of $41.00.

Griffin Industrial Realty (NASDAQ:GRIF) last posted its quarterly earnings data on Wednesday, October 9th. The financial services provider reported $0.20 EPS for the quarter. The company had revenue of $8.90 million for the quarter. Griffin Industrial Realty had a return on equity of 6.33% and a net margin of 13.99%.

Several institutional investors have recently bought and sold shares of GRIF. Wells Fargo & Company MN lifted its stake in shares of Griffin Industrial Realty by 11.2% in the second quarter. Wells Fargo & Company MN now owns 3,443 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 348 shares during the period. SG Americas Securities LLC lifted its stake in shares of Griffin Industrial Realty by 12.7% in the second quarter. SG Americas Securities LLC now owns 6,081 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 685 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Griffin Industrial Realty by 3.4% in the second quarter. Renaissance Technologies LLC now owns 45,600 shares of the financial services provider’s stock worth $1,612,000 after acquiring an additional 1,500 shares during the period. Vanguard Group Inc. lifted its stake in shares of Griffin Industrial Realty by 2.0% in the second quarter. Vanguard Group Inc. now owns 119,740 shares of the financial services provider’s stock worth $4,232,000 after acquiring an additional 2,319 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Griffin Industrial Realty by 24.5% in the second quarter. BlackRock Inc. now owns 141,604 shares of the financial services provider’s stock worth $5,006,000 after acquiring an additional 27,872 shares during the period. 48.97% of the stock is currently owned by institutional investors.

GRIF has been the topic of a number of recent analyst reports. TheStreet upgraded Griffin Industrial Realty from a “c” rating to a “b-” rating in a research report on Wednesday, August 14th. ValuEngine cut Griffin Industrial Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th.

About Griffin Industrial Realty

Griffin Industrial Realty, Inc develops, manages, and leases industrial and commercial properties in the United States. As of November 30, 2018, the company owned 37 buildings comprising 25 industrial/warehouse buildings, 11 office/flex buildings, and a restaurant building. It also owns real estate properties in the Hartford, Connecticut area; the Lehigh Valley of Pennsylvania; and the greater Charlotte, North Carolina area, as well as Connecticut, Massachusetts, and Florida.

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