Short Interest in NL Industries, Inc. (NYSE:NL) Drops By 29.9%

NL Industries, Inc. (NYSE:NL) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 82,043 shares, a decrease of 29.9% from the January 15th total of 117,104 shares. Based on an average daily trading volume, of 58,778 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 58,778 shares, the days-to-cover ratio is presently 1.4 days.

NL Industries Price Performance

Shares of NL Industries stock traded up $0.08 on Friday, hitting $6.30. The company had a trading volume of 32,401 shares, compared to its average volume of 58,923. The stock has a 50-day moving average of $5.91 and a 200-day moving average of $5.97. NL Industries has a twelve month low of $5.04 and a twelve month high of $9.27. The firm has a market capitalization of $307.87 million, a P/E ratio of 31.51 and a beta of 0.27.

Wall Street Analysts Forecast Growth

NL has been the topic of a number of research reports. Wall Street Zen raised shares of NL Industries to a “sell” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NL Industries in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Aristides Capital LLC boosted its position in NL Industries by 0.5% during the 4th quarter. Aristides Capital LLC now owns 417,014 shares of the basic materials company’s stock worth $2,281,000 after acquiring an additional 2,075 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in shares of NL Industries by 9.6% in the third quarter. Bridgeway Capital Management LLC now owns 276,064 shares of the basic materials company’s stock worth $1,698,000 after purchasing an additional 24,132 shares in the last quarter. Empowered Funds LLC grew its position in NL Industries by 11.0% in the fourth quarter. Empowered Funds LLC now owns 232,131 shares of the basic materials company’s stock valued at $1,270,000 after purchasing an additional 23,029 shares in the last quarter. Geode Capital Management LLC grew its position in NL Industries by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 209,872 shares of the basic materials company’s stock valued at $1,148,000 after purchasing an additional 7,222 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake in NL Industries by 70.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 93,864 shares of the basic materials company’s stock valued at $577,000 after buying an additional 38,640 shares during the last quarter. 10.67% of the stock is currently owned by institutional investors.

About NL Industries

NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.

NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.