Short Interest in Sypris Solutions, Inc. (NASDAQ:SYPR) Declines By 15.8%

Sypris Solutions, Inc. (NASDAQ:SYPR) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 204,860 shares, a decline of 15.8% from the February 12th total of 243,396 shares. Based on an average daily trading volume, of 71,283 shares, the short-interest ratio is currently 2.9 days. Approximately 1.7% of the company’s stock are sold short. Approximately 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 71,283 shares, the short-interest ratio is currently 2.9 days.

Sypris Solutions Trading Down 2.5%

Sypris Solutions stock opened at $3.14 on Monday. Sypris Solutions has a 12 month low of $1.51 and a 12 month high of $4.74. The company has a market capitalization of $72.31 million, a price-to-earnings ratio of -31.40 and a beta of 0.75. The business’s fifty day simple moving average is $3.23 and its two-hundred day simple moving average is $2.54. The company has a current ratio of 1.54, a quick ratio of 0.50 and a debt-to-equity ratio of 0.71.

Institutional Trading of Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. XTX Topco Ltd acquired a new stake in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,133 shares of the auto parts company’s stock, valued at approximately $25,000. Hedge funds and other institutional investors own 44.66% of the company’s stock.

Wall Street Analysts Forecast Growth

SYPR has been the subject of several research reports. Wall Street Zen upgraded shares of Sypris Solutions to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Sypris Solutions in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently 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.