APPLIED INDUSTRIAL TECHNOLOGIES Sees Drop in Short Interest of 7.7 Percent in December
January 6, 2023
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APPLIED INDUSTRIAL TECHNOLOGIES ($NYSE:AIT) is a leading global provider of motion control and lubrication products and services. The company designs and manufactures a comprehensive line of industrial automation and control products, as well as pumps, valves, seals, and other related products. Short interest is the total number of shares shorted by investors who believe the stock will decline in value. A decrease in short interest is generally seen as a sign of increasing confidence in the stock.
First, APPLIED INDUSTRIAL TECHNOLOGIES recently released strong third-quarter financial results. This was the sixth consecutive quarter of year-over-year growth for the company. Second, APPLIED INDUSTRIAL TECHNOLOGIES has made a number of strategic investments and acquisitions to expand its product offerings and reach new markets. These investments have enabled the company to capitalize on growth opportunities, particularly in the industrial automation and control space. Finally, APPLIED INDUSTRIAL TECHNOLOGIES has implemented a number of cost-reduction initiatives to improve its financial position. With a strong financial position, strategic investments, and cost-reduction initiatives in place, APPLIED INDUSTRIAL TECHNOLOGIES is well-positioned for continued success.
Price History
This is despite the fact that media coverage of the company has been mostly positive. On Tuesday, Applied Industrial Technologies stock opened at $126.3 and closed at $124.9, down by 0.9% from the previous closing price of 126.0. The decline in short interest is a sign that investors are becoming more confident in the company’s future prospects. The company is focused on providing products and services that help customers optimize their industrial operations. Applied Industrial Technologies provides products such as bearings, power transmission, fluid power, electrical, safety, and material handling equipment. The company also offers services such as installation and repair, machine design, and system integration.
Additionally, the company offers engineering services and training courses to help customers improve their processes and operations. The company has an experienced management team with a long track record of success in the industry. The decline in short interest is a positive sign for Applied Industrial Technologies, as it indicates that investors are becoming more confident in the company’s ability to deliver on its promises. With a strong customer base and experienced management team, Applied Industrial Technologies is well-positioned to capitalize on the growing demand for industrial automation solutions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AIT. More…
| Total Revenues | Net Income | Net Margin |
| 3.98k | 281.32 | 7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AIT. More…
| Operations | Investing | Financing |
| 164.87 | -15.65 | -246.57 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AIT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.47k | 1.25k | 31.67 |
Key Ratios Snapshot
Some of the financial key ratios for AIT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.7% | 14.4% | 9.7% |
| FCF Margin | ROE | ROA |
| 3.6% | 20.4% | 9.8% |
VI Analysis
With the increasing sophistication of the financial markets, investors need reliable and sophisticated tools to make sound decisions when it comes to their investments. The VI app is one such tool, which simplifies the task of analyzing a company’s fundamentals. Applied Industrial Technologies is a company that provides products and services to industrial and manufacturing sectors. VI app’s risk rating for the company indicates that it is a medium risk investment from both financial and business perspectives. This rating is based on several factors including liquidity, solvency, profitability, efficiency, and market capitalization. The app also provides detailed risk warnings that have been identified in the company’s income sheet and balance sheet. These warnings can help investors identify potential risks associated with an investment in the company. For example, they may help investors identify weaknesses in the company’s revenue or cash flow, or provide insight into the company’s long-term sustainability. Overall, the VI app is a useful tool for investors who want to gain a better understanding of a company’s fundamentals. It can provide valuable insights into a company’s risk profile and help investors make informed decisions when it comes to their investments. Registered users can access all of the app’s features and gain a comprehensive understanding of a company’s financial and business performance. More…
VI Peers
Applied Industrial Technologies Inc is in competition with Wajax Corp, Ohashi Technica Inc, and TAT Technologies Ltd. All four companies are vying for market share in the industrial technologies sector. Applied Industrial Technologies Inc has a strong history of innovation and customer service, which gives it a competitive advantage.
– Wajax Corp ($TSX:WJX)
Wajax is a leading provider of industrial products and services in Canada. With over 100 locations across the country, Wajax serves a wide range of customers in the mining, oil and gas, forestry, construction, transportation, manufacturing, industrial and municipal sectors. The company has a long history of providing quality products and services, and is dedicated to providing its customers with the best possible experience. Wajax has a market cap of 378.35M as of 2022, and a Return on Equity of 15.27%.
– Ohashi Technica Inc ($TSE:7628)
Ohashi Technica Inc is a Japanese company that manufactures and sells machinery and equipment. It has a market capitalization of 18.92 billion as of 2022 and a return on equity of 4.44%. The company’s products include lathes, machining centers, grinders, and other machine tools. It also offers engineering services such as design, development, and consultation.
– TAT Technologies Ltd ($NASDAQ:TATT)
TAT Technologies Ltd is an aerospace and defense company that provides products and services to the aviation, aerospace, and defense industries. The company has a market cap of $56.27 million and a return on equity of -3.57%. TAT Technologies Ltd provides products and services to the aviation, aerospace, and defense industries. The company designs, manufactures, repairs, and overhauls aircraft components and systems. It also provides engineering, technical, and aftermarket services.
Summary
Investors in APPLIED INDUSTRIAL TECHNOLOGIES have seen a decrease in short interest of 7.7 percent in December. According to the current analysis, the stock appears to be in a strong position, with positive media coverage and a bullish outlook. Investors should consider the company’s long-term prospects, as well as its current financials and industry trends, when deciding whether to invest. Additionally, investors should keep an eye on the stock’s performance over time to ensure that their investment is still performing well.
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