SIFCO Industries, Inc. (NYSE:SIF) Short Interest Update

SIFCO Industries, Inc. (NYSE:SIF) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 8,400 shares, a decrease of 30.0% from the September 15th total of 12,000 shares. Based on an average daily volume of 33,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 33,200 shares, the days-to-cover ratio is presently 0.3 days.

SIFCO Industries Stock Up 4.3%

SIF stock opened at $7.33 on Friday. The company has a market cap of $45.30 million, a price-to-earnings ratio of -10.32 and a beta of 1.07. The business has a fifty day simple moving average of $7.08 and a 200-day simple moving average of $4.87. SIFCO Industries has a 52 week low of $2.33 and a 52 week high of $7.88.

Institutional Trading of SIFCO Industries

A hedge fund recently bought a new stake in SIFCO Industries stock. Thompson Davis & CO. Inc. bought a new stake in shares of SIFCO Industries, Inc. (NYSE:SIF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,222 shares of the company’s stock, valued at approximately $38,000. Thompson Davis & CO. Inc. owned approximately 0.17% of SIFCO Industries at the end of the most recent reporting period. 24.20% of the stock is currently owned by institutional investors and hedge funds.

About SIFCO Industries

SIFCO Industries, Inc, together with its subsidiaries, produces and sells forgings and machined components primarily for the aerospace and energy markets in North America and Europe. The company’s processes and services include forging, heat-treating, chemical processing, and machining. It also offers original equipment manufacturer and aftermarket components for aircraft and industrial gas turbine engines; steam turbine blades; structural airframe components; aircraft landing gear components; aircraft wheels and brakes; rotating components for helicopters; and commercial/industrial products.