Sypris Solutions, Inc. (NASDAQ:SYPR) Sees Significant Decrease in Short Interest

Sypris Solutions, Inc. (NASDAQ:SYPR) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 40,273 shares, a drop of 68.9% from the May 31st total of 129,586 shares. Based on an average trading volume of 107,216 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Trading of Sypris Solutions

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in Sypris Solutions in the 4th quarter worth approximately $31,000. XTX Topco Ltd purchased a new position in shares of Sypris Solutions in the 4th quarter worth $25,000. Dimensional Fund Advisors LP grew its holdings in shares of Sypris Solutions by 33.0% in 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 period. Finally, Sei Investments Co. bought a new stake in shares of Sypris Solutions in the first quarter worth $505,000. Hedge funds and other institutional investors own 44.66% of the company’s stock.

Sypris Solutions Stock Up 0.4%

SYPR traded up $0.01 during trading on Monday, hitting $2.40. 4,799 shares of the company’s stock traded hands, compared to its average volume of 172,273. The stock has a market capitalization of $55.23 million, a price-to-earnings ratio of -5.71 and a beta of 0.85. The company’s 50 day simple moving average is $3.07 and its two-hundred day simple moving average is $3.03. Sypris Solutions has a 12-month low of $1.79 and a 12-month high of $4.74. The company has a current ratio of 1.20, a quick ratio of 0.39 and a debt-to-equity ratio of 1.07.

Sypris Solutions (NASDAQ:SYPR) last posted its quarterly earnings results on Tuesday, May 19th. The auto parts company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.17). Sypris Solutions had a negative return on equity of 54.45% and a negative net margin of 8.23%.The business had revenue of $25.81 million during the quarter, compared to analysts’ expectations of $22.70 million.

Wall Street Analysts Forecast Growth

SYPR has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sypris Solutions in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Sypris Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Sypris Solutions Company Profile

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.