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

Sypris Solutions, Inc. (NASDAQ:SYPR) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 68,887 shares, an increase of 73.4% from the July 15th total of 39,729 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 45,468 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds Weigh In On Sypris Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in Sypris Solutions in the fourth quarter worth about $25,000. Jane Street Group LLC purchased a new position in shares of Sypris Solutions in the 4th quarter worth approximately $31,000. GSA Capital Partners LLP bought a new position in shares of Sypris Solutions during the 2nd quarter worth approximately $97,000. Dimensional Fund Advisors LP raised its stake in shares of Sypris Solutions by 33.0% during the 1st 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 in the last quarter. Finally, BlackRock Inc. purchased a new stake in Sypris Solutions during the second quarter valued at approximately $182,000. Hedge funds and other institutional investors own 44.66% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sypris Solutions in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Sypris Solutions Stock Down 3.4%

SYPR stock traded down $0.07 during trading on Tuesday, hitting $1.97. 18,176 shares of the company’s stock traded hands, compared to its average volume of 142,268. The firm has a market capitalization of $45.33 million, a P/E ratio of -4.69 and a beta of 0.92. Sypris Solutions has a 1 year low of $1.78 and a 1 year high of $4.74. The company has a quick ratio of 0.39, a current ratio of 1.20 and a debt-to-equity ratio of 1.07. The business has a fifty day simple moving average of $2.18 and a two-hundred day simple moving average of $2.88.

Sypris Solutions (NASDAQ:SYPR) last announced its earnings results on Tuesday, August 18th. The auto parts company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.15). Sypris Solutions had a negative net margin of 8.23% and a negative return on equity of 54.45%. The company had revenue of $30.34 million for the quarter, compared to the consensus estimate of $24.80 million.

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.