Short Interest in Sypris Solutions, Inc. (NASDAQ:SYPR) Declines By 36.2%

Sypris Solutions, Inc. (NASDAQ:SYPR) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 79,241 shares, a decline 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 presently 0.6 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Trading of Sypris Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in 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 valued at $160,000 after purchasing an additional 13,975 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Sypris Solutions during the 4th quarter valued at approximately $25,000. Jane Street Group LLC acquired a new stake in shares of Sypris Solutions during the fourth quarter worth approximately $31,000. Finally, Sei Investments Co. bought a new stake in shares of Sypris Solutions in the first quarter worth $505,000. 44.66% of the stock is owned by hedge funds and other institutional investors.

Sypris Solutions Stock Down 5.7%

Shares of NASDAQ:SYPR traded down $0.16 during mid-day trading on Tuesday, hitting $2.63. 29,968 shares of the company traded hands, compared to its average volume of 183,408. The firm’s 50 day simple moving average is $3.30 and its 200 day simple moving average is $2.89. The firm has a market cap of $60.57 million, a P/E ratio of -9.39 and a beta of 0.87. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.44 and a current ratio of 1.28. Sypris Solutions has a 52-week low of $1.58 and a 52-week high of $4.74.

Sypris Solutions (NASDAQ:SYPR) last issued its quarterly earnings data on Tuesday, May 19th. The auto parts company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.17). Sypris Solutions had a negative net margin of 5.29% and a negative return on equity of 33.62%. The firm had revenue of $25.81 million during the quarter, compared to analyst estimates of $22.70 million.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sypris Solutions in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Sypris Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average 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.