SIFCO Industries, Inc. (NYSEAMERICAN:SIF) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 1,200 shares, a decline of 53.8% from the August 15th total of 2,600 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 12,800 shares, the short-interest ratio is presently 0.1 days.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC acquired a new position in SIFCO Industries during the 1st quarter valued at about $274,000. Renaissance Technologies LLC increased its position in SIFCO Industries by 46.7% during the 1st quarter. Renaissance Technologies LLC now owns 116,234 shares of the aerospace company’s stock valued at $1,458,000 after buying an additional 37,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in SIFCO Industries by 9.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 215,162 shares of the aerospace company’s stock valued at $2,698,000 after buying an additional 18,047 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in SIFCO Industries during the 1st quarter valued at about $173,000. 19.56% of the stock is owned by hedge funds and other institutional investors.
Shares of SIF traded up $0.29 during trading hours on Friday, hitting $8.69. The company had a trading volume of 10,411 shares, compared to its average volume of 27,050. The firm has a market cap of $52.04 million, a price-to-earnings ratio of 7.56 and a beta of 1.75. The company has a current ratio of 1.33, a quick ratio of 0.93 and a debt-to-equity ratio of 0.06. SIFCO Industries has a one year low of $3.45 and a one year high of $15.76.
SIFCO Industries, Inc engages in the manufacture of forgings and machined components for the aerospace and energy markets. Its products include OEM and aftermarket components for aircraft and industrial gas turbine engines, steam turbine blades, structural airframe components, aircraft landing gear components, aircraft wheels and brakes, critical rotating components for helicopters, and commercial or industrial products.
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