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

Sypris Solutions, Inc. (NASDAQ:SYPR) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 79,241 shares, a drop of 36.2% from the April 15th total of 124,211 shares. Based on an average daily trading volume, of 125,323 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

SYPR has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Sypris Solutions in a research report on Tuesday, April 21st. Wall Street Zen downgraded Sypris Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Sypris Solutions Stock Down 5.0%

NASDAQ SYPR opened at $2.65 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.44 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average is $3.28 and its two-hundred day moving average is $2.89. The company has a market capitalization of $61.03 million, a price-to-earnings ratio of -9.46 and a beta of 0.87. Sypris Solutions has a 1-year low of $1.58 and a 1-year high of $4.74.

Sypris Solutions (NASDAQ:SYPR) last released its quarterly earnings data on Tuesday, May 19th. The auto parts company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17). The company had revenue of $25.81 million for the quarter, compared to analyst estimates of $22.70 million. Sypris Solutions had a negative net margin of 5.29% and a negative return on equity of 33.62%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in shares of Sypris Solutions during the fourth quarter valued at $25,000. Jane Street Group LLC bought a new position in shares of Sypris Solutions in the fourth quarter valued at approximately $31,000. Dimensional Fund Advisors LP raised its stake 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 valued at $160,000 after acquiring an additional 13,975 shares during the last quarter. Finally, Sei Investments Co. bought a new position in shares of Sypris Solutions in the first quarter valued at approximately $505,000. 44.66% of the stock is 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.