Federal Signal Co. (NYSE:FSS) Short Interest Down 6.2% in January

Federal Signal Co. (NYSE:FSS) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 1,210,000 shares, a drop of 6.2% from the January 15th total of 1,290,000 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily trading volume, of 366,700 shares, the days-to-cover ratio is currently 3.3 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of Federal Signal by 197.5% in the third quarter. Envestnet Asset Management Inc. now owns 49,262 shares of the conglomerate’s stock valued at $1,613,000 after buying an additional 32,705 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in Federal Signal by 119.8% during the 3rd quarter. Squarepoint Ops LLC now owns 65,361 shares of the conglomerate’s stock worth $2,140,000 after purchasing an additional 35,629 shares during the last quarter. Stifel Financial Corp acquired a new stake in Federal Signal during the 3rd quarter worth approximately $10,992,000. Russell Investments Group Ltd. acquired a new stake in Federal Signal during the 3rd quarter worth approximately $2,153,000. Finally, Penserra Capital Management LLC acquired a new stake in Federal Signal during the 3rd quarter worth approximately $638,000. 90.13% of the stock is owned by institutional investors.

NYSE FSS traded down $0.30 during trading hours on Friday, hitting $33.27. 331,160 shares of the company traded hands. Federal Signal has a twelve month low of $22.03 and a twelve month high of $35.75. The business’s 50-day moving average is $33.23 and its 200-day moving average is $32.17.

A number of research analysts recently issued reports on FSS shares. Zacks Investment Research downgraded Federal Signal from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th. ValuEngine cut Federal Signal from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 4th.

Federal Signal Company Profile

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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