Q.E.P. Co., Inc. (OTCMKTS:QEPC) Sees Large Drop in Short Interest

Q.E.P. Co., Inc. (OTCMKTS:QEPC) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 400 shares, a decrease of 42.9% from the January 15th total of 700 shares. Based on an average trading volume of 12,400 shares, the days-to-cover ratio is presently 0.0 days.

Q.E.P. Trading Up 0.3 %

Shares of OTCMKTS QEPC traded up $0.14 during midday trading on Thursday, hitting $48.16. 1,423 shares of the company’s stock were exchanged, compared to its average volume of 6,344. The business’s fifty day moving average price is $39.26 and its two-hundred day moving average price is $36.39. Q.E.P. has a 12-month low of $19.49 and a 12-month high of $48.99. The company has a market cap of $162.78 million, a price-to-earnings ratio of 45.63 and a beta of -0.38.

Q.E.P. (OTCMKTS:QEPC) last posted its earnings results on Tuesday, January 14th. The company reported $1.40 earnings per share (EPS) for the quarter. Q.E.P. had a net margin of 4.89% and a return on equity of 20.21%.

Q.E.P. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Monday, February 3rd.

Q.E.P. Company Profile

Q.E.P. Co, Inc designs, manufactures, and distributes flooring installation solutions for commercial and home improvement projects worldwide. The company’s product portfolio includes tile saws, blades, and accessories; tile cutters and accessories; hand tools; tile spacers and leveling systems; suction cups; trowels and floats; mixers and paddles; drill bits, hole saws, and jigsaw blades; scarpers and blades; clean-up, repair, and maintenance products; knee pads and safety products; underlayment products; installation kits; and cement boards tools.