Short Interest in Ampco-Pittsburgh Corporation (NYSE:AP) Rises By 55.7%

Ampco-Pittsburgh Corporation (NYSE:AP) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 68,748 shares, an increase of 55.7% from the November 30th total of 44,168 shares. Based on an average daily trading volume, of 206,228 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 206,228 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ampco-Pittsburgh in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Ampco-Pittsburgh Stock Up 6.7%

Shares of Ampco-Pittsburgh stock traded up $0.34 on Tuesday, reaching $5.38. The company’s stock had a trading volume of 669,348 shares, compared to its average volume of 75,720. The company has a market capitalization of $109.36 million, a price-to-earnings ratio of -22.18 and a beta of 0.96. The company has a quick ratio of 0.96, a current ratio of 1.84 and a debt-to-equity ratio of 1.60. Ampco-Pittsburgh has a 52 week low of $1.75 and a 52 week high of $5.82. The firm’s fifty day simple moving average is $2.85 and its two-hundred day simple moving average is $2.86.

Ampco-Pittsburgh (NYSE:AP) last released its quarterly earnings data on Wednesday, November 12th. The industrial products company reported $0.04 EPS for the quarter. Ampco-Pittsburgh had a positive return on equity of 5.15% and a negative net margin of 1.24%.The company had revenue of $108.01 million during the quarter.

Insider Transactions at Ampco-Pittsburgh

In other Ampco-Pittsburgh news, major shareholder Louis Berkman Investment Co acquired 93,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was purchased at an average price of $2.67 per share, with a total value of $248,310.00. Following the acquisition, the insider directly owned 3,127,792 shares of the company’s stock, valued at approximately $8,351,204.64. This trade represents a 3.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brett Mcbrayer bought 19,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were acquired at an average price of $2.58 per share, for a total transaction of $49,020.00. Following the transaction, the chief executive officer owned 448,631 shares in the company, valued at approximately $1,157,467.98. This represents a 4.42% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 152,000 shares of company stock valued at $403,330. 31.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ampco-Pittsburgh

A number of large investors have recently made changes to their positions in AP. Citadel Advisors LLC purchased a new position in Ampco-Pittsburgh during the third quarter valued at approximately $72,000. Teton Advisors LLC bought a new stake in shares of Ampco-Pittsburgh during the 3rd quarter valued at $248,000. Vanguard Group Inc. lifted its stake in shares of Ampco-Pittsburgh by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock valued at $1,529,000 after buying an additional 38,021 shares in the last quarter. Group One Trading LLC bought a new position in Ampco-Pittsburgh in the 2nd quarter worth $43,000. Finally, Ameriprise Financial Inc. increased its stake in Ampco-Pittsburgh by 3.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,159,681 shares of the industrial products company’s stock worth $3,433,000 after buying an additional 33,950 shares in the last quarter. 49.16% of the stock is currently owned by institutional investors.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation is a U.S.-based specialty metals manufacturer that produces cast and forged components for a range of industrial markets. The company’s primary offerings include custom-designed forged rolls, grinding rolls and specialty bars for the steel and metal processing industries. In addition, Ampco-Pittsburgh supplies precision couplings, gears and die components for original equipment manufacturers in sectors such as mining, power generation and heavy machinery.

The company operates multiple production facilities in North America, where it employs advanced melting, heat-treating and machining processes to deliver components with tight tolerances and enhanced wear resistance.