Sypris Solutions, Inc. (NASDAQ:SYPR) Short Interest Up 119.5% in May

Sypris Solutions, Inc. (NASDAQ:SYPR) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 129,586 shares, a growth of 119.5% from the May 14th total of 59,031 shares. Based on an average trading volume of 229,963 shares, the short-interest ratio is presently 0.6 days. Approximately 1.1% of the shares of the company are short sold.

Sypris Solutions Price Performance

Shares of NASDAQ:SYPR opened at $2.52 on Monday. The firm has a fifty day moving average price of $3.23 and a two-hundred day moving average price of $3.01. 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 one year low of $1.79 and a one year high of $4.74. The company has a market cap of $57.99 million, a price-to-earnings ratio of -6.00 and a beta of 0.85.

Sypris Solutions (NASDAQ:SYPR) last announced its quarterly earnings results 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 firm had revenue of $25.81 million during the quarter, compared to the consensus estimate of $22.70 million.

Institutional Trading of Sypris Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in shares of Sypris Solutions during the 4th quarter valued at $25,000. Jane Street Group LLC purchased a new stake in shares of Sypris Solutions during the 4th quarter valued at $31,000. Dimensional Fund Advisors LP raised its position in shares of Sypris Solutions by 33.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 56,293 shares of the auto parts company’s stock valued at $160,000 after buying an additional 13,975 shares in the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of Sypris Solutions during the 1st quarter valued at $505,000. Hedge funds and other institutional investors own 44.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Sypris Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Sypris Solutions in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sypris Solutions has a consensus rating of “Sell”.

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.