Sypris Solutions, Inc. (NASDAQ:SYPR) Short Interest Update

Sypris Solutions, Inc. (NASDAQ:SYPRGet Rating) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 107,200 shares, an increase of 41.6% from the May 15th total of 75,700 shares. Based on an average trading volume of 54,500 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.9% of the company’s shares are short sold.

Separately, StockNews.com began coverage on Sypris Solutions in a research note on Tuesday. They issued a “hold” rating for the company.

Shares of SYPR stock opened at $2.18 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.53 and a quick ratio of 0.69. The stock has a market cap of $48.21 million, a PE ratio of 10.38 and a beta of 1.61. The stock has a 50-day moving average of $2.24 and a 200-day moving average of $2.34. Sypris Solutions has a one year low of $1.82 and a one year high of $4.37.

Sypris Solutions (NASDAQ:SYPRGet Rating) last posted its earnings results on Thursday, March 17th. The auto parts company reported $0.02 earnings per share (EPS) for the quarter. Sypris Solutions had a return on equity of 26.24% and a net margin of 4.62%. The business had revenue of $25.80 million during the quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of SYPR. BlackRock Inc. increased its stake in Sypris Solutions by 4.8% during the 3rd quarter. BlackRock Inc. now owns 78,286 shares of the auto parts company’s stock worth $279,000 after purchasing an additional 3,613 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Sypris Solutions during the 3rd quarter worth approximately $54,000. Geode Capital Management LLC increased its stake in Sypris Solutions by 13.5% during 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in Sypris Solutions by 120.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 51,033 shares of the auto parts company’s stock worth $182,000 after purchasing an additional 27,858 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Sypris Solutions by 7.5% during 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 in the last quarter. 8.94% of the stock is owned by institutional investors and hedge funds.

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.

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