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

Burnham Holdings Inc. (OTCMKTS:BURCA) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 155 shares, a growth of 89.0% from the September 30th total of 82 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 406 shares, the days-to-cover ratio is presently 0.4 days.

Burnham Price Performance

Shares of BURCA stock traded up $1.25 during trading hours on Monday, hitting $24.75. 821 shares of the company’s stock were exchanged, compared to its average volume of 1,582. The company has a quick ratio of 0.94, a current ratio of 2.39 and a debt-to-equity ratio of 0.17. The firm has a market cap of $86.13 million, a P/E ratio of -4.83 and a beta of 0.16. The firm has a 50 day moving average of $23.31 and a two-hundred day moving average of $24.68. Burnham has a fifty-two week low of $21.88 and a fifty-two week high of $28.25.

Burnham (OTCMKTS:BURCA) last released its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $74.58 million for the quarter. Burnham had a negative net margin of 8.29% and a positive return on equity of 14.83%.

Burnham Company Profile

Burnham Holdings, Inc is a heating equipment company that historically operated through subsidiaries serving the residential, commercial and industrial markets. Its primary business has centered on the design and manufacture of boilers and related hydronic heating products.

The company’s product offerings have included cast-iron and steel boilers, gas- and oil-fired heating equipment, commercial and industrial boiler systems, and replacement heating products. Its brands and operating companies have included Burnham Commercial, U.S.