Griffon

GFF

Griffon Corporation is a multinational conglomerate headquartered in New York City. The company conducts its operations through five subsidiaries: The AMES Companies, ClosetMaid, Clopay Building Products, CornellCookson, and Telephonics Corporation. Griffon has been publicly traded since 1961 and is listed on the New York Stock Exchange as a component stock of the S&P SmallCap 600, S&P Composite 1500, and Russell 2000 indices.Griffon operates as a diversified management and holding company conducting business through wholly owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among them, and manages their capital structures. Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. In order to further diversify, Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital. Griffon's subsidiaries are industry leaders in their respective fields. The AMES Companies is a leading global manufacturer of non-powered lawn and garden tools and accessories. ClosetMaid is a leading North American manufacturer and distributor of wood and wire home storage and organization products. Clopay Building Products is a leading manufacturer of residential and commercial sectional doors, and is North America's largest manufacturer of residential garage doors.

Griffon has been a target of short sellers for a while. The current short interest of 3.18% is roughly at the average of the last 12 months (2.86%).