Sypris Solutions, Inc. (NASDAQ:SYPR) Short Interest Down 36.2% in April

Sypris Solutions, Inc. (NASDAQ:SYPR) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 79,241 shares, a decrease of 36.2% from the April 15th total of 124,211 shares. Based on an average daily trading volume, of 125,323 shares, the short-interest ratio is currently 0.6 days. Currently, 0.7% of the shares of the company are sold short.

Sypris Solutions Stock Down 6.3%

SYPR traded down $0.19 during midday trading on Monday, hitting $2.81. The company had a trading volume of 58,136 shares, compared to its average volume of 184,812. Sypris Solutions has a 52 week low of $1.58 and a 52 week high of $4.74. The company has a quick ratio of 0.44, a current ratio of 1.28 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $64.71 million, a price-to-earnings ratio of -10.04 and a beta of 0.87. The stock’s 50 day moving average price is $3.32 and its 200 day moving average price is $2.88.

Sypris Solutions (NASDAQ:SYPR) last posted its earnings results on Thursday, March 26th. The auto parts company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.15). The business had revenue of $30.28 million for the quarter, compared to the consensus estimate of $21.70 million. Sypris Solutions had a negative return on equity of 33.62% and a negative net margin of 5.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SYPR shares. Wall Street Zen lowered shares of Sypris Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sypris Solutions in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Sypris Solutions has a consensus rating of “Sell”.

Hedge Funds Weigh In On Sypris Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of SYPR. XTX Topco Ltd bought a new position in shares of Sypris Solutions during the fourth quarter worth $25,000. Jane Street Group LLC bought a new position in shares of Sypris Solutions during the fourth quarter worth $31,000. Dimensional Fund Advisors LP boosted its position in shares of Sypris Solutions by 33.0% during the first quarter. Dimensional Fund Advisors LP now owns 56,293 shares of the auto parts company’s stock worth $160,000 after acquiring an additional 13,975 shares during the last quarter. Finally, Sei Investments Co. bought a new position in shares of Sypris Solutions during the first quarter worth $505,000. Institutional investors own 44.66% of the company’s stock.

About Sypris Solutions

Sypris Solutions, Inc (NASDAQ: SYPR) is an engineering and manufacturing company headquartered in Tampa, Florida. The firm operates through two primary business segments—Contract Manufacturing and Power Solutions—delivering precision components, subassemblies, and service solutions to original equipment manufacturers (OEMs) and aftermarket customers. Sypris Solutions caters to a diverse range of end markets, including heavy truck, automotive, defense, and industrial power generation.

Within its Contract Manufacturing segment, Sypris Solutions offers end-to-end capabilities from design and prototyping to toolmaking and final assembly.