Sypris Solutions, Inc. (NASDAQ:SYPR) Short Interest Down 39.1% in April

Sypris Solutions, Inc. (NASDAQ:SYPR – Get Rating) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 79,500 shares, a drop of 39.1% from the April 15th total of 130,500 shares. Based on an average daily trading volume, of 111,600 shares, the short-interest ratio is presently 0.7 days. Currently, 0.7% of the company’s shares are sold short.

Separately, StockNews.com started coverage on Sypris Solutions in a research report on Friday. They issued a “hold” rating on the stock.

A number of hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC raised its stake 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 valued at $2,486,000 after purchasing an additional 70,100 shares during the period. Vanguard Group Inc. raised its stake in shares of Sypris Solutions by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 480,711 shares of the auto parts company’s stock valued at $1,294,000 after purchasing an additional 26,000 shares during the period. Geode Capital Management LLC raised its stake 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 valued at $339,000 after purchasing an additional 11,332 shares during the period. BlackRock Inc. raised its stake in shares of Sypris Solutions by 4.8% in the 3rd quarter. BlackRock Inc. now owns 78,286 shares of the auto parts company’s stock valued at $279,000 after purchasing an additional 3,613 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake 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 valued at $189,000 after purchasing an additional 25,818 shares during the period. Hedge funds and other institutional investors own 8.94% of the company’s stock.

Shares of NASDAQ:SYPR traded up $0.16 during midday trading on Friday, hitting $2.08. The company had a trading volume of 52,459 shares, compared to its average volume of 42,524. Sypris Solutions has a 12 month low of $1.82 and a 12 month high of $4.37. 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 cap of $45.51 million, a price-to-earnings ratio of 17.33 and a beta of 1.61. The firm has a fifty day simple moving average of $2.41 and a 200 day simple moving average of $2.53.

About Sypris Solutions (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.

Featured Articles