Haynes International, Inc. (NASDAQ:HAYN) Short Interest Update

Haynes International, Inc. (NASDAQ:HAYN) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 611,900 shares, a growth of 14.4% from the July 15th total of 535,100 shares. Based on an average daily trading volume, of 106,400 shares, the days-to-cover ratio is currently 5.8 days. Currently, 4.9% of the company’s shares are short sold.

Haynes International Trading Down 0.1 %

Shares of NASDAQ HAYN traded down $0.07 during midday trading on Friday, hitting $59.71. 108,762 shares of the company traded hands, compared to its average volume of 165,843. The firm has a market cap of $763.27 million, a P/E ratio of 20.17, a P/E/G ratio of 0.94 and a beta of 1.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.75 and a current ratio of 7.63. Haynes International has a 12-month low of $41.15 and a 12-month high of $60.86. The stock has a 50-day moving average price of $59.10 and a 200 day moving average price of $59.42.

Haynes International (NASDAQ:HAYN) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.33). The business had revenue of $153.92 million during the quarter, compared to analysts’ expectations of $159.35 million. Haynes International had a return on equity of 8.51% and a net margin of 6.11%. As a group, analysts expect that Haynes International will post 3.02 earnings per share for the current year.

Haynes International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, August 30th. Haynes International’s dividend payout ratio (DPR) is presently 29.73%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Haynes International in a research report on Saturday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Haynes International

A number of hedge funds and other institutional investors have recently bought and sold shares of HAYN. SG Americas Securities LLC purchased a new stake in shares of Haynes International during the first quarter valued at approximately $114,000. BNP Paribas Financial Markets raised its position in Haynes International by 67.1% in the first quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock worth $375,000 after acquiring an additional 2,504 shares during the period. Cornercap Investment Counsel Inc. bought a new position in Haynes International in the second quarter worth approximately $526,000. Nisa Investment Advisors LLC raised its position in Haynes International by 71,414.3% in the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock worth $1,469,000 after acquiring an additional 24,995 shares during the period. Finally, New York State Teachers Retirement System raised its position in Haynes International by 2.4% in the fourth quarter. New York State Teachers Retirement System now owns 26,061 shares of the basic materials company’s stock worth $1,487,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 97.31% of the company’s stock.

About Haynes International

Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment.