NL Industries, Inc. (NYSE:NL) Short Interest Update

NL Industries, Inc. (NYSE:NL) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 82,500 shares, a drop of 16.9% from the October 31st total of 99,300 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 27,400 shares, the days-to-cover ratio is currently 3.0 days.

NL Industries Price Performance

NL Industries stock opened at $7.95 on Friday. The firm has a market cap of $388.36 million, a PE ratio of 6.63 and a beta of 0.51. The stock’s fifty day moving average price is $7.76 and its two-hundred day moving average price is $6.97. NL Industries has a one year low of $4.46 and a one year high of $8.93.

NL Industries Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Friday, November 29th. NL Industries’s dividend payout ratio (DPR) is presently 26.67%.

Analyst Ratings Changes

Separately, Barclays boosted their price objective on shares of NL Industries from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th.

Institutional Investors Weigh In On NL Industries

Several institutional investors and hedge funds have recently bought and sold shares of the company. Gladius Capital Management LP acquired a new position in shares of NL Industries in the 3rd quarter valued at approximately $39,000. Barclays PLC raised its position in NL Industries by 311.4% during the third quarter. Barclays PLC now owns 11,934 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 9,033 shares in the last quarter. Ritholtz Wealth Management bought a new stake in NL Industries during the second quarter worth $112,000. Raymond James Trust N.A. acquired a new stake in shares of NL Industries in the 2nd quarter valued at $130,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of NL Industries in the 1st quarter valued at $139,000. Institutional investors own 10.67% of the company’s stock.

NL Industries Company Profile

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.