Valhi, Inc. (NYSE:VHI) Sees Significant Increase in Short Interest

Valhi, Inc. (NYSE:VHI) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 20,100 shares, a growth of 27.2% from the March 31st total of 15,800 shares. Based on an average trading volume of 20,000 shares, the short-interest ratio is currently 1.0 days. Currently, 0.8% of the shares of the stock are short sold.

Several large investors have recently made changes to their positions in the stock. Invenomic Capital Management LP grew its position in Valhi by 9.2% in the fourth quarter. Invenomic Capital Management LP now owns 61,572 shares of the basic materials company’s stock worth $936,000 after acquiring an additional 5,192 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Valhi during the 4th quarter valued at approximately $346,000. Citigroup Inc. raised its holdings in Valhi by 55,150.0% during the 4th quarter. Citigroup Inc. now owns 4,420 shares of the basic materials company’s stock valued at $67,000 after buying an additional 4,412 shares during the period. Renaissance Technologies LLC lifted its position in Valhi by 6.1% in the fourth quarter. Renaissance Technologies LLC now owns 163,617 shares of the basic materials company’s stock worth $2,487,000 after buying an additional 9,366 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Valhi by 20.1% during the fourth quarter. Bank of New York Mellon Corp now owns 50,663 shares of the basic materials company’s stock worth $770,000 after buying an additional 8,473 shares during the period. 2.14% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE VHI traded up $0.61 during midday trading on Tuesday, reaching $29.05. 31,266 shares of the stock traded hands, compared to its average volume of 18,481. The company’s 50 day moving average is $23.23 and its 200 day moving average is $18.11. Valhi has a one year low of $9.02 and a one year high of $29.45. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.64 and a quick ratio of 2.94. The stock has a market capitalization of $821.33 million, a PE ratio of 20.02 and a beta of 1.84.

Valhi (NYSE:VHI) last released its quarterly earnings results on Thursday, March 11th. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.22. Valhi had a net margin of 2.38% and a return on equity of 5.65%. The company had revenue of $516.80 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 30th. Stockholders of record on Monday, March 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Friday, March 12th.

About Valhi

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in the Asia Pacific, Europe, North America, and internationally. The company's Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.

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