Global Industrial (NYSE:GIC) Short Interest Update

Global Industrial (NYSE:GIC) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 191,600 shares, a drop of 6.4% from the January 15th total of 204,800 shares. Currently, 2.5% of the company’s shares are short sold. Based on an average daily volume of 109,200 shares, the short-interest ratio is presently 1.8 days.

Insider Activity at Global Industrial

In related news, Vice Chairman Bruce Leeds sold 5,840 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $28.28, for a total transaction of $165,155.20. Following the completion of the sale, the insider now directly owns 23,675 shares in the company, valued at $669,529. This represents a 19.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 65.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Global Industrial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Global Industrial by 340.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company’s stock valued at $39,000 after acquiring an additional 1,206 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Global Industrial during the fourth quarter worth about $50,000. Copeland Capital Management LLC bought a new stake in shares of Global Industrial in the third quarter worth about $61,000. Quantbot Technologies LP increased its holdings in Global Industrial by 150.3% during the 4th quarter. Quantbot Technologies LP now owns 3,614 shares of the company’s stock valued at $90,000 after purchasing an additional 2,170 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Global Industrial by 44.4% during the 4th quarter. Wells Fargo & Company MN now owns 7,058 shares of the company’s stock valued at $175,000 after purchasing an additional 2,170 shares during the period. 31.19% of the stock is currently owned by institutional investors.

Global Industrial Trading Up 0.7 %

GIC stock traded up $0.17 during midday trading on Monday, hitting $24.29. The company had a trading volume of 70,907 shares, compared to its average volume of 109,130. The stock has a market cap of $928.68 million, a price-to-earnings ratio of 14.29, a PEG ratio of 0.88 and a beta of 0.87. Global Industrial has a 52 week low of $23.09 and a 52 week high of $46.97. The stock’s 50 day moving average price is $24.98 and its 200 day moving average price is $29.07.

Global Industrial Company Profile

Global Industrial Company operates as an industrial distributor of various industrial and maintenance, repair, and operation (MRO) products in North America. It offers storage and shelving, safety and security, carts and trucks, HVAC and fans, furniture and decor, material handling, janitorial and facility maintenance, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping, lighting and electrical, foodservice and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.