Sypris Solutions, Inc. (NASDAQ:SYPR) Short Interest Down 36.2% in April

Sypris Solutions, Inc. (NASDAQ:SYPRGet Free Report) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 79,241 shares, a drop of 36.2% from the April 15th total of 124,211 shares. Based on an average daily trading volume, of 125,323 shares, the short-interest ratio is currently 0.6 days. Currently, 0.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Sypris Solutions

Several institutional investors have recently made changes to their positions in SYPR. Jane Street Group LLC bought a new stake in shares of Sypris Solutions in the 4th quarter worth about $31,000. XTX Topco Ltd bought a new stake in shares of Sypris Solutions in the 4th quarter worth about $25,000. Dimensional Fund Advisors LP lifted its holdings in shares of Sypris Solutions by 33.0% in 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 during the last quarter. Finally, Sei Investments Co. bought a new stake in shares of Sypris Solutions in the 1st quarter worth about $505,000. Institutional investors own 44.66% of the company’s stock.

Sypris Solutions Trading Down 6.3%

Shares of Sypris Solutions stock traded down $0.19 during trading on Monday, hitting $2.81. The stock had a trading volume of 58,136 shares, compared to its average volume of 184,812. The firm’s fifty day simple moving average is $3.32 and its 200-day simple moving average is $2.88. The stock has a market cap of $64.71 million, a PE ratio of -10.04 and a beta of 0.87. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.28 and a quick ratio of 0.44. Sypris Solutions has a 12 month low of $1.58 and a 12 month high of $4.74.

Sypris Solutions (NASDAQ:SYPRGet Free Report) last released its earnings results on Thursday, March 26th. The auto parts company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.15). The firm had revenue of $30.28 million during the quarter, compared to the consensus estimate of $21.70 million. Sypris Solutions had a negative return on equity of 33.62% and a negative net margin of 5.29%.

Analyst Ratings Changes

A number of brokerages have commented on SYPR. Wall Street Zen cut shares of Sypris Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sypris Solutions in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sypris Solutions has a consensus rating of “Sell”.

View Our Latest Stock Report on SYPR

Sypris Solutions Company Profile

(Get Free Report)

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.

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