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

Sypris Solutions, Inc. (NASDAQ:SYPR – Get Rating) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 129,500 shares, a drop of 28.6% from the March 15th total of 181,400 shares. Based on an average daily trading volume, of 119,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.1% of the shares of the company are short sold.

Separately, StockNews.com began coverage on shares of Sypris Solutions in a research report on Monday, April 11th. They set a “hold” rating on the stock.

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its holdings in shares of Sypris Solutions by 7.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,010,532 shares of the auto parts company’s stock worth $2,486,000 after purchasing an additional 70,100 shares during the period. Geode Capital Management LLC raised its holdings in shares of Sypris Solutions by 13.5% in the 3rd quarter. Geode Capital Management LLC now owns 95,207 shares of the auto parts company’s stock worth $339,000 after purchasing an additional 11,332 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Sypris Solutions by 50.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 76,851 shares of the auto parts company’s stock worth $189,000 after purchasing an additional 25,818 shares during the period. Susquehanna International Group LLP raised its holdings in shares of Sypris Solutions by 48.9% in the 4th quarter. Susquehanna International Group LLP now owns 35,896 shares of the auto parts company’s stock worth $89,000 after purchasing an additional 11,796 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Sypris Solutions in the 3rd quarter worth approximately $54,000. 8.29% of the stock is currently owned by institutional investors.

NASDAQ:SYPR opened at $2.34 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.76 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $51.20 million, a PE ratio of 19.50 and a beta of 1.55. The firm’s 50 day moving average is $2.42 and its 200 day moving average is $2.75. Sypris Solutions has a 12 month low of $1.82 and a 12 month high of $5.82.

Sypris Solutions Company Profile (Get Rating)

Sypris Solutions, Inc engages in the provision of truck components, oil and gas pipeline components, and aerospace and defense electronics. It operates through Sypris Technologies and Sypris Electronics segments. The Sypris Technologies segment is involved in selling of forged, machined, welded, and heat-treated steel components primarily for the heavy commercial vehicle and high-pressure energy pipeline applications.

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