What’s Next for Enpro Industries (NYSE:NPO) After Having More Shares Shorted?

July 18, 2017 - By Peter Erickson

 What's Next for Enpro Industries (NYSE:NPO) After Having More Shares Shorted?

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.01, from 1.11 in 2016Q3. It is positive, as 11 investors sold EnPro Industries, Inc. shares while 47 reduced holdings. 21 funds opened positions while 44 raised stakes. 19.07 million shares or 2.40% less from 19.54 million shares in 2016Q3 were reported.
64,310 are held by Morgan Stanley. Bartlett And Llc reported 0% of its portfolio in EnPro Industries, Inc. (NYSE:NPO). Paradigm Asset Mgmt Limited Liability Corporation owns 2,200 shares. First Republic Invest Mngmt accumulated 0.01% or 13,497 shares. 37,917 were accumulated by Legal & General Group Public Ltd. Principal Financial Gru stated it has 159,644 shares. Manufacturers Life The reported 14,488 shares. Moreover, Swiss National Bank & Trust has 0% invested in EnPro Industries, Inc. (NYSE:NPO). Citigroup holds 40,344 shares or 0% of its portfolio. Profund Advsrs Lc owns 4,423 shares. The Texas-based Hbk L P has invested 0% in EnPro Industries, Inc. (NYSE:NPO). Pub Sector Pension Inv Board holds 0.01% in EnPro Industries, Inc. (NYSE:NPO) or 15,137 shares. Group owns 15,787 shares. Price T Rowe Associates Md stated it has 0% in EnPro Industries, Inc. (NYSE:NPO). 87 are held by Fifth Third State Bank.

Since February 21, 2017, it had 1 insider buy, and 5 selling transactions for $3.08 million activity. 20,000 EnPro Industries, Inc. (NYSE:NPO) shares with value of $1.30 million were sold by Macadam Stephen E.. 1,000 shares valued at $71,510 were bought by Bower Steven R. on Thursday, May 11. $49,988 worth of stock was sold by Sweeney Susan E on Friday, May 5. Anderson Todd L also sold $41,328 worth of EnPro Industries, Inc. (NYSE:NPO) on Thursday, May 4.

The stock of Enpro Industries (NYSE:NPO) registered an increase of 6.26% in short interest. NPO’s total short interest was 520,800 shares in July as published by FINRA. Its up 6.26% from 490,100 shares, reported previously. With 88,600 shares average volume, it will take short sellers 6 days to cover their NPO’s short positions. The short interest to Enpro Industries’s float is 2.73%.

It closed at $72.66 lastly. It is down 42.29% since July 18, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

EnPro Industries, Inc. is engaged in the designing, developing, manufacturing and marketing engineered industrial products. The company has market cap of $1.54 billion. It operates through three divisions. It has a 121.44 P/E ratio. The Sealing Products segment includes three operating divisions: Garlock, which designs, makes and sells sealing products; Technetics, which designs, makes and sells metal seals and elastomeric seals, among others, and Stemco LP , which designs, makes and sells heavy-duty truck wheel-end components and systems.

EnPro Industries, Inc. (NYSE:NPO) Ratings Coverage

Among 3 analysts covering Enpro Industries (NYSE:NPO), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Enpro Industries had 3 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of EnPro Industries, Inc. (NYSE:NPO) has “Buy” rating given on Wednesday, July 29 by Gabelli. Sidoti maintained the shares of NPO in report on Wednesday, September 23 with “Neutral” rating.

More notable recent EnPro Industries, Inc. (NYSE:NPO) news were published by: Seekingalpha.com which released: “EnPro Industries’ (NPO) CEO Steve Macadam on Q3 2016 Results – Earnings Call …” on November 03, 2016, also Seekingalpha.com with their article: “EnPro Industries: Not Buying It” published on April 16, 2017, Seekingalpha.com published: “EnPro – Hidden Unconsolidated Asset To Drive 30% Upside” on September 19, 2016. More interesting news about EnPro Industries, Inc. (NYSE:NPO) were released by: Finance.Yahoo.com and their article: “EnPro Industries Reports Further Progress in Asbestos Resolution Proceedings” published on January 30, 2017 as well as Seekingalpha.com‘s news article titled: “EnPro Industries’ (NPO) CEO Steve Macadam on Q2 2016 Results – Earnings Call …” with publication date: August 03, 2016.

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