Escalade, Inc. (NASDAQ:ESCA) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 44,400 shares, a decrease of 8.6% from the January 15th total of 48,600 shares. Based on an average trading volume of 15,700 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.5% of the shares of the company are short sold.

In other news, CEO David L. Fetherman sold 10,543 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $10.34, for a total value of $109,014.62. Following the sale, the chief executive officer now owns 104,319 shares in the company, valued at $1,078,658.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in Escalade by 9.9% during the third quarter. Rhumbline Advisers now owns 17,198 shares of the company’s stock valued at $187,000 after buying an additional 1,547 shares during the period. Northern Trust Corp grew its position in Escalade by 1.6% during the second quarter. Northern Trust Corp now owns 124,414 shares of the company’s stock valued at $1,427,000 after buying an additional 1,941 shares during the period. Mid Atlantic Financial Management Inc. ADV grew its position in Escalade by 20.6% during the fourth quarter. Mid Atlantic Financial Management Inc. ADV now owns 13,775 shares of the company’s stock valued at $135,000 after buying an additional 2,350 shares during the period. Tower Research Capital LLC TRC grew its position in Escalade by 187.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,406 shares of the company’s stock valued at $43,000 after buying an additional 2,875 shares during the period. Finally, Renaissance Technologies LLC grew its position in Escalade by 2.1% during the fourth quarter. Renaissance Technologies LLC now owns 179,893 shares of the company’s stock valued at $1,768,000 after buying an additional 3,633 shares during the period. Institutional investors own 28.23% of the company’s stock.

Shares of NASDAQ:ESCA traded down $0.32 during midday trading on Friday, reaching $8.53. The company’s stock had a trading volume of 30,330 shares. Escalade has a twelve month low of $8.47 and a twelve month high of $13.00. The stock has a fifty day moving average of $9.22 and a 200 day moving average of $10.43.

Separately, TheStreet lowered shares of Escalade from a “b-” rating to a “c+” rating in a research note on Tuesday, December 24th.

About Escalade

Escalade, Incorporated, together with its subsidiaries, manufactures and sells sporting goods in North America, Europe, and internationally. The company manufactures, imports, and distributes various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.

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