WSI Industries Inc. shares had a trading volume of 4,802 by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 34.45% under the normal average daily volume.
Investors are feeling more bearish on WSI Industries Inc. of late as evidenced by the change in short interest. The firm recorded a rise in short interest between September 29, 2017 and October 13, 2017 of 36.66%. Short shares grew 6,038 over that period. The short-interest ratio increased to 5.0 and the percentage of shorted shares is 0.01% as of October 13.
The following firms have recently changed their position in WSCI. As of quarter end Raymond James & Associates had sold 1,000 shares trimming its holdings by 4.5%. The value of the investment in WSI Industries Inc. decreased from $74,000 to $68,000 a change of $6,000 for the reporting period. Grt Capital Partners L.l.c. augmented its stake by buying 19,504 shares an increase of 95.0%. Grt Capital Partners L.l.c. owns 40,031 shares worth $130,000. The total value of its holdings increased 88.4%.
Renaissance Technologies LLC expanded its ownership by buying 2,200 shares an increase of 2.8% from 03/31/2017 to 06/30/2017. Renaissance Technologies LLC controls 81,700 shares with a value of $266,000. The value of the position overall is down by 0.7%. As of the end of the quarter Blackrock Inc. had disposed of a total of 106,886 shares trimming its stake by 97.6%. The value of the total investment in WSI Industries Inc. went from $370,000 to $8,000 decreasing 97.8% since the last quarter.
The company is so far trading down since yesterday’s close of $3.25. It is trading at $3.25 slightly over $3.23, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $3.17. The 50 day moving average was up $0.02 or +0.68% whereas the 200 day moving average was up $0.08 or +2.57%.
WSI Industries, Inc., launched on September 7, 1950, is involved in the precision machining and assembly of complex parts and components business. The Company primarily serves a range of markets, including aerospace, avionics, defense, energy and power sports. The Company offers a range of engineering, design, machining, sourcing, assembly, shipping and project management solutions. The Company caters its services to a range of industries, such as engine components, energy, semiconductor, medical and others. The Company offers precision machining and complex assembly for power sports and other engine and powertrain components, including all-terrain vehicle (ATV), automotive, electric, generator, marine engines, motorcycle, personal watercraft and snowmobile applications. It offers a range of alloys for both air- and liquid-cooled engine components..