Ampco-Pittsburgh Corporation (NYSE:AP) Short Interest Up 55.7% in December

Ampco-Pittsburgh Corporation (NYSE:AP) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 68,748 shares, an increase of 55.7% from the November 30th total of 44,168 shares. Based on an average daily trading volume, of 206,228 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 206,228 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ampco-Pittsburgh in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ampco-Pittsburgh presently has an average rating of “Sell”.

Ampco-Pittsburgh Trading Up 4.9%

Shares of NYSE:AP opened at $4.63 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.84 and a debt-to-equity ratio of 1.60. The company’s 50-day moving average price is $2.79 and its 200 day moving average price is $2.84. The company has a market cap of $94.03 million, a PE ratio of -18.50 and a beta of 0.96. Ampco-Pittsburgh has a fifty-two week low of $1.75 and a fifty-two week high of $4.65.

Ampco-Pittsburgh (NYSE:AP) last announced its quarterly earnings results on Wednesday, November 12th. The industrial products company reported $0.04 EPS for the quarter. The company had revenue of $108.01 million for the quarter. Ampco-Pittsburgh had a negative net margin of 1.24% and a positive return on equity of 5.15%.

Insider Transactions at Ampco-Pittsburgh

In other Ampco-Pittsburgh news, Director Michael I. German bought 40,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were bought at an average cost of $2.65 per share, with a total value of $106,000.00. Following the completion of the acquisition, the director owned 221,670 shares of the company’s stock, valued at approximately $587,425.50. This trade represents a 22.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brett Mcbrayer purchased 19,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was acquired at an average cost of $2.58 per share, with a total value of $49,020.00. Following the completion of the acquisition, the chief executive officer directly owned 448,631 shares in the company, valued at approximately $1,157,467.98. This trade represents a 4.42% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 152,000 shares of company stock worth $403,330. 31.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in Ampco-Pittsburgh in the second quarter worth about $30,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ampco-Pittsburgh during the 2nd quarter worth about $32,000. Group One Trading LLC acquired a new stake in shares of Ampco-Pittsburgh in the 2nd quarter worth approximately $43,000. Bailard Inc. lifted its stake in shares of Ampco-Pittsburgh by 59.5% in the 2nd quarter. Bailard Inc. now owns 19,934 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 7,434 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of Ampco-Pittsburgh during the third quarter valued at approximately $72,000. 49.16% of the stock is owned by institutional investors and hedge funds.

About Ampco-Pittsburgh

Ampco-Pittsburgh Corporation is a U.S.-based specialty metals manufacturer that produces cast and forged components for a range of industrial markets. The company’s primary offerings include custom-designed forged rolls, grinding rolls and specialty bars for the steel and metal processing industries. In addition, Ampco-Pittsburgh supplies precision couplings, gears and die components for original equipment manufacturers in sectors such as mining, power generation and heavy machinery.

The company operates multiple production facilities in North America, where it employs advanced melting, heat-treating and machining processes to deliver components with tight tolerances and enhanced wear resistance.