Short Interest in Sypris Solutions, Inc. (NASDAQ:SYPR) Grows By 119.5%

Sypris Solutions, Inc. (NASDAQ:SYPR) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 129,586 shares, an increase of 119.5% from the May 14th total of 59,031 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 229,963 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Sypris Solutions

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

Sypris Solutions Stock Performance

SYPR opened at $2.52 on Friday. Sypris Solutions has a 12-month low of $1.79 and a 12-month high of $4.74. The stock has a market cap of $57.99 million, a price-to-earnings ratio of -6.00 and a beta of 0.85. The business has a 50 day moving average of $3.23 and a 200-day moving average of $3.00. The company has a quick ratio of 0.39, a current ratio of 1.20 and a debt-to-equity ratio of 1.07.

Sypris Solutions (NASDAQ:SYPR) last released its quarterly earnings data on Tuesday, May 19th. The auto parts company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17). Sypris Solutions had a negative net margin of 8.23% and a negative return on equity of 54.45%. The business 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 have weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Sypris Solutions in a research note on Tuesday, April 21st. Wall Street Zen downgraded Sypris Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, Based on 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.