Sypris Solutions, Inc. (NASDAQ:SYPR) Sees Large Increase in Short Interest

Sypris Solutions, Inc. (NASDAQ:SYPR) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 68,887 shares, a growth of 73.4% from the July 15th total of 39,729 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 45,468 shares, the days-to-cover ratio is presently 1.5 days.

Sypris Solutions Price Performance

SYPR remained flat at $2.06 during trading on Monday. 12,931 shares of the company’s stock were exchanged, compared to its average volume of 142,979. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.20 and a quick ratio of 0.39. Sypris Solutions has a 12 month low of $1.78 and a 12 month high of $4.74. The stock has a 50-day moving average of $2.19 and a two-hundred day moving average of $2.89. The stock has a market capitalization of $47.40 million, a PE ratio of -4.90 and a beta of 0.92.

Sypris Solutions (NASDAQ:SYPR) last released its quarterly earnings data on Tuesday, May 19th. The auto parts company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.17). Sypris Solutions had a negative net margin of 8.23% and a negative return on equity of 54.45%. The business had revenue of $25.81 million during the quarter, compared to analysts’ expectations of $22.70 million.

Institutional Investors Weigh In On Sypris Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Williams & Novak LLC raised its stake in shares of Sypris Solutions by 3.4% during the 2nd quarter. Williams & Novak LLC now owns 2,205,929 shares of the auto parts company’s stock valued at $5,360,000 after buying an additional 72,628 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of Sypris Solutions in the first quarter worth about $505,000. BlackRock Inc. purchased a new stake in shares of Sypris Solutions in the second quarter worth about $182,000. Dimensional Fund Advisors LP grew its holdings in Sypris Solutions by 33.0% during the first 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 period. Finally, GSA Capital Partners LLP acquired a new stake in Sypris Solutions during the second quarter worth about $97,000. 44.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Sypris Solutions in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About Sypris Solutions

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.