Thermon Group Holdings, Inc. (NYSE:THR) Short Interest Up 24.0% in December

Thermon Group Holdings, Inc. (NYSE:THR) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 658,183 shares, a growth of 24.0% from the November 30th total of 530,672 shares. Currently, 2.1% of the company’s shares are short sold. Based on an average daily volume of 518,826 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 518,826 shares, the days-to-cover ratio is presently 1.3 days. Currently, 2.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. American Century Companies Inc. grew its position in shares of Thermon Group by 21.8% during the 1st quarter. American Century Companies Inc. now owns 60,800 shares of the technology company’s stock valued at $1,693,000 after acquiring an additional 10,874 shares during the period. Jump Financial LLC purchased a new position in Thermon Group in the first quarter valued at approximately $315,000. Trexquant Investment LP purchased a new position in Thermon Group in the first quarter valued at approximately $1,279,000. State of Wyoming bought a new position in Thermon Group during the first quarter valued at $59,000. Finally, Royal Bank of Canada increased its position in Thermon Group by 0.4% in the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock worth $7,209,000 after buying an additional 1,082 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Thermon Group Stock Down 0.5%

Thermon Group stock traded down $0.18 during mid-day trading on Wednesday, reaching $37.17. The stock had a trading volume of 72,107 shares, compared to its average volume of 215,279. The firm has a market capitalization of $1.22 billion, a PE ratio of 21.26 and a beta of 0.81. Thermon Group has a fifty-two week low of $23.05 and a fifty-two week high of $41.20. The stock’s 50-day simple moving average is $34.73 and its 200-day simple moving average is $29.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.74 and a current ratio of 2.82.

Thermon Group (NYSE:THR) last issued its earnings results on Thursday, November 6th. The technology company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.19. Thermon Group had a return on equity of 13.58% and a net margin of 11.60%.The company had revenue of $131.72 million for the quarter, compared to analyst estimates of $119.43 million. During the same period in the prior year, the firm earned $0.38 earnings per share. Thermon Group’s revenue for the quarter was up 14.9% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. On average, sell-side analysts forecast that Thermon Group will post 1.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on THR shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a research note on Monday. Wall Street Zen upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Thermon Group Company Profile

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.