Sypris Solutions, Inc. (NASDAQ:SYPR) Short Interest Down 24.6% in March

Sypris Solutions, Inc. (NASDAQ:SYPR) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 153,492 shares, a decline of 24.6% from the March 15th total of 203,493 shares. Based on an average daily volume of 70,053 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.3% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SYPR shares. Wall Street Zen cut Sypris Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Sypris Solutions in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Sypris Solutions Price Performance

SYPR stock traded down $0.27 during trading hours on Friday, hitting $3.86. 159,007 shares of the stock traded hands, compared to its average volume of 215,407. The stock has a 50-day simple moving average of $3.25 and a 200 day simple moving average of $2.71. Sypris Solutions has a one year low of $1.53 and a one year high of $4.74. The company has a market cap of $88.90 million, a P/E ratio of -13.79 and a beta of 0.81. The company has a current ratio of 1.28, a quick ratio of 0.44 and a debt-to-equity ratio of 0.90.

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

Institutional Trading of Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Jane Street Group LLC bought a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,631 shares of the auto parts company’s stock, valued at approximately $31,000. Jane Street Group LLC owned 0.05% of Sypris Solutions at the end of the most recent quarter. 44.66% of the stock is currently owned by hedge funds and other institutional investors.

Sypris Solutions Company Profile

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.