Ampco-Pittsburgh Corporation (NYSE:AP) Short Interest Down 37.8% in September

Ampco-Pittsburgh Corporation (NYSE:AP) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 148,600 shares, a decrease of 37.8% from the September 15th total of 238,800 shares. Based on an average daily trading volume, of 58,500 shares, the short-interest ratio is currently 2.5 days. Approximately 1.0% of the company’s shares are sold short. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 58,500 shares, the short-interest ratio is currently 2.5 days.

Ampco-Pittsburgh Price Performance

Shares of AP opened at $2.18 on Wednesday. The company has a market capitalization of $44.29 million, a P/E ratio of -9.08 and a beta of 0.78. The company has a quick ratio of 0.91, a current ratio of 1.80 and a debt-to-equity ratio of 1.52. The firm has a 50 day moving average of $2.56 and a 200 day moving average of $2.73. Ampco-Pittsburgh has a twelve month low of $1.61 and a twelve month high of $3.99.

Ampco-Pittsburgh (NYSE:AP) last announced its quarterly earnings results on Tuesday, August 12th. The industrial products company reported ($0.06) earnings per share for the quarter. The firm had revenue of $113.10 million for the quarter. Ampco-Pittsburgh had a negative net margin of 1.22% and a positive return on equity of 1.40%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AP shares. Wall Street Zen downgraded shares of Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research note on Monday, August 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ampco-Pittsburgh in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Ampco-Pittsburgh

Large investors have recently added to or reduced their stakes in the stock. Bailard Inc. bought a new stake in Ampco-Pittsburgh in the 1st quarter worth approximately $27,000. Jane Street Group LLC bought a new stake in Ampco-Pittsburgh in the 2nd quarter worth approximately $30,000. Wealth Enhancement Advisory Services LLC bought a new stake in Ampco-Pittsburgh in the 2nd quarter worth approximately $32,000. Group One Trading LLC bought a new stake in Ampco-Pittsburgh in the 2nd quarter worth approximately $43,000. Finally, Geode Capital Management LLC grew its position in Ampco-Pittsburgh by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company’s stock worth $480,000 after purchasing an additional 4,339 shares during the period. Institutional investors own 49.16% of the company’s stock.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. The company operates through Forged and Cast Engineered Products (FCEP); and Air and Liquid Processing (ALP) segments.