Pentair

PNR

Pentair plc (PNR) is an American water treatment company incorporated in Ireland with tax residency in UK, with its main U.S. office in Minneapolis, Minnesota. Pentair was founded in the US, with 65% of company's revenue coming from the US and Canada as of 2017. PNR was reorganized in 2014, shifting the corporate domicile from Switzerland to Ireland.On April 30, 2018, PNR announced that it had completed the separation of its Water and Electrical businesses. Now the company's primary focus is on residential, commercial, industrial, municipal and infrastructure and agriculture applications. Its fiscal year 2019 revenues were US$3.0 billion and it employs approximately 9,500 people worldwide.

Pentair has been a target of short sellers for a while. The current short interest of 5.33% is slightly above the average of the last 12 months (3.18%).