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

Burnham Holdings Inc. (OTCMKTS:BURCA) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 279 shares, a decrease of 50.1% from the May 14th total of 559 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,669 shares, the days-to-cover ratio is currently 0.2 days.

Burnham Trading Down 5.7%

Shares of OTCMKTS:BURCA opened at $25.00 on Friday. The stock has a 50 day moving average of $25.67 and a 200 day moving average of $25.51. The company has a market cap of $86 million, a PE ratio of -5.46 and a beta of 0.14. The company has a current ratio of 2.19, a quick ratio of 1.04 and a debt-to-equity ratio of 0.16. Burnham has a 12-month low of $22.04 and a 12-month high of $28.25.

Burnham (OTCMKTS:BURCA) last released its earnings results on Monday, April 27th. The industrial products company reported $0.72 EPS for the quarter. Burnham had a negative net margin of 7.96% and a positive return on equity of 11.89%. The company had revenue of $66.18 million for the quarter.

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.