Can Msc Industrial Direct Company Inc (NYSE:MSM)’s Tomorrow be Different? The Stock Had Increase in Shorts

MSC Industrial Direct Co., Inc. (NYSE:MSM) Logo

Investors sentiment decreased to 1.11 in 2018 Q4. Its down 0.14, from 1.25 in 2018Q3. It turned negative, as 30 investors sold MSC Industrial Direct Co., Inc. shares while 92 reduced holdings. 50 funds opened positions while 85 raised stakes. 41.24 million shares or 2.71% more from 40.15 million shares in 2018Q3 were reported.
First Manhattan owns 1,400 shares for 0% of their portfolio. Hsbc Hldg Public Ltd Company invested 0% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Gotham Asset Mngmt Lc invested 0.01% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Dupont Mgmt Corp owns 5,106 shares. Stephens Ar owns 34,563 shares or 0.08% of their US portfolio. Poplar Forest Ltd Liability holds 823,055 shares. Amg Funds Ltd Limited Liability Company reported 12,137 shares. Lpl Fincl Ltd Llc has 0% invested in MSC Industrial Direct Co., Inc. (NYSE:MSM) for 6,381 shares. Arrowmark Colorado Limited Liability Corporation reported 2.10M shares or 1.69% of all its holdings. Balyasny Asset Mgmt Limited Liability Company owns 0.01% invested in MSC Industrial Direct Co., Inc. (NYSE:MSM) for 18,550 shares. Gemmer Asset Mngmt Ltd Liability accumulated 101 shares. 11,335 were accumulated by Bank & Trust Of Montreal Can. Canada Pension Plan Investment Board has invested 0.01% in MSC Industrial Direct Co., Inc. (NYSE:MSM). 7,275 were reported by Northcoast Asset Ltd Llc. Secor L P invested in 41,976 shares or 0.42% of the stock.

Since November 7, 2018, it had 0 insider purchases, and 6 sales for $2.34 million activity. Shares for $436,579 were sold by Armstrong Steve. KELLY DENIS F sold 1,180 shares worth $96,973. On Thursday, February 7 the insider POLLI GREGORY sold $1.05 million. The insider WRIGHT DAVID sold 5,404 shares worth $480,956. The insider Jilla Rustom sold $218,750.

The stock of Msc Industrial Direct Company Inc (NYSE:MSM) registered an increase of 10.6% in short interest. MSM’s total short interest was 1.50 million shares in March as published by FINRA. Its up 10.6% from 1.35 million shares, reported previously. With 315,300 shares average volume, it will take short sellers 5 days to cover their MSM’s short positions. The short interest to Msc Industrial Direct Company Inc’s float is 3.39%.

The stock decreased 1.02% or $0.84 during the last trading session, reaching $81.2. About 728,095 shares traded or 81.00% up from the average. MSC Industrial Direct Co., Inc. (NYSE:MSM) has declined 2.75% since March 17, 2018 and is downtrending. It has underperformed by 7.12% the S&P500.

MSC Industrial Direct Co., Inc., together with its subsidiaries, markets and distributes various ranges of metalworking and maintenance, repair, and activities products primarily in the United States, Canada, and the United Kingdom. The company has market cap of $4.49 billion. The companyÂ’s MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies. It has a 13.36 P/E ratio. It offers approximately 1,000,000 stock-keeping units through its master catalogs; weekly, monthly, and quarterly specialty and promotional catalogs; brochures; and the Internet, such as its Websites comprising mscdirect.com and use-enco.com.

MSC Industrial Direct Co., Inc. (NYSE:MSM) Ratings Coverage

Among 3 analysts covering MSC Industrial Direct Co (NYSE:MSM), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. MSC Industrial Direct Co had 4 analyst reports since October 12, 2018 according to SRatingsIntel. As per Friday, February 8, the company rating was downgraded by Stephens. The company was maintained on Friday, December 21 by Wells Fargo.

More important recent MSC Industrial Direct Co., Inc. (NYSE:MSM) news were published by: Seekingalpha.com which released: “MSC Industrial Falls Short Again – Seeking Alpha” on July 12, 2018, also Seekingalpha.com published article titled: “MSC Industrial Direct declares $0.63 dividend – Seeking Alpha”, Seekingalpha.com published: “MSC Industrial Direct (MSM) Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” on October 30, 2018. More interesting news about MSC Industrial Direct Co., Inc. (NYSE:MSM) was released by: Seekingalpha.com and their article: “MSC Industrial Direct Co. Inc. 2019 Q1 – Results – Earnings Call Slides – Seeking Alpha” with publication date: January 09, 2019.

MSC Industrial Direct Co., Inc. (NYSE:MSM) Institutional Positions Chart

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