CIRCOR International, Inc. (NYSE:CIR) Sees Large Growth in Short Interest

CIRCOR International, Inc. (NYSE:CIR – Get Rating) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 254,000 shares, an increase of 6.1% from the February 13th total of 239,300 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average trading volume of 94,000 shares, the days-to-cover ratio is presently 2.7 days.

Analysts Set New Price Targets

CIR has been the topic of several research reports. Stifel Nicolaus increased their price target on shares of CIRCOR International from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup increased their price target on shares of CIRCOR International from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, December 9th. Finally, StockNews.com upgraded shares of CIRCOR International from a “buy” rating to a “strong-buy” rating in a report on Friday, March 10th.

Institutional Investors Weigh In On CIRCOR International

Several hedge funds have recently bought and sold shares of CIR. US Bancorp DE boosted its position in CIRCOR International by 453.7% in the 3rd quarter. US Bancorp DE now owns 2,752 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 2,255 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of CIRCOR International by 19.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 4,051 shares of the industrial products company’s stock valued at $67,000 after buying an additional 649 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of CIRCOR International by 145.6% during the 3rd quarter. Quantbot Technologies LP now owns 5,373 shares of the industrial products company’s stock valued at $88,000 after buying an additional 3,185 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in shares of CIRCOR International during the 3rd quarter valued at approximately $99,000. Finally, BNP Paribas Arbitrage SNC lifted its position in shares of CIRCOR International by 52.4% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 8,910 shares of the industrial products company’s stock valued at $147,000 after buying an additional 3,062 shares in the last quarter. Hedge funds and other institutional investors own 94.75% of the company’s stock.

CIRCOR International Trading Down 4.8 %

CIRCOR International stock opened at $29.43 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.51 and a debt-to-equity ratio of 4.11. CIRCOR International has a 12 month low of $13.26 and a 12 month high of $32.02. The stock’s 50 day simple moving average is $26.99 and its two-hundred day simple moving average is $22.99. The firm has a market cap of $599.19 million, a PE ratio of -40.32 and a beta of 2.17.

About CIRCOR International

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CIRCOR International, Inc engages in the provision of mission-critical flow control products and services for the Industrial and Aerospace & Defense markets. It operates through the following segments: Aerospace & Defense, and Industrial. The Aerospace and Defense segment is a diversified flow control technology platform.