Gorman-Rupp Co (NYSE:GRC) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 316,615 shares, an increase of 20.5% from the October 31st total of 262,658 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 51,468 shares, the short-interest ratio is currently 6.2 days.
Gorman-Rupp (NYSE:GRC) opened at 30.75 on Tuesday. Gorman-Rupp has a 12 month low of $21.09 and a 12 month high of $31.73. The stock has a market cap of $802.30 million and a PE ratio of 31.90. The stock’s 50 day moving average price is $26.16 and its 200-day moving average price is $27.05.
Separately, TheStreet raised Gorman-Rupp from a “hold” rating to a “buy” rating in a research report on Friday.