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

Sypris Solutions, Inc. (NASDAQ:SYPR) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 40,273 shares, a decline of 68.9% from the May 31st total of 129,586 shares. Based on an average daily volume of 107,216 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SYPR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Sypris Solutions in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Sypris Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Sypris Solutions Stock Performance

NASDAQ SYPR traded up $0.12 on Friday, reaching $2.39. The stock had a trading volume of 38,214 shares, compared to its average volume of 90,369. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.20 and a quick ratio of 0.39. The company has a market cap of $54.99 million, a P/E ratio of -5.69 and a beta of 0.85. The firm has a fifty day moving average of $3.07 and a two-hundred day moving average of $3.03. Sypris Solutions has a 1-year low of $1.79 and a 1-year high of $4.74.

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

Institutional Investors Weigh In On Sypris Solutions

Several institutional investors have recently made changes to their positions in SYPR. XTX Topco Ltd bought a new position in Sypris Solutions during the 4th quarter worth $25,000. Jane Street Group LLC acquired a new stake in shares of Sypris Solutions during the 4th quarter worth $31,000. Dimensional Fund Advisors LP increased its position in shares of Sypris Solutions by 33.0% in the first quarter. Dimensional Fund Advisors LP now owns 56,293 shares of the auto parts company’s stock worth $160,000 after purchasing an additional 13,975 shares during the period. Finally, Sei Investments Co. acquired a new position in Sypris Solutions in the first quarter valued at about $505,000. 44.66% of the stock is currently owned by institutional investors.

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.