Short Interest in Sypris Solutions, Inc. (NASDAQ:SYPR) Grows By 119.5%

Sypris Solutions, Inc. (NASDAQ:SYPR) was the recipient of a significant 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 daily trading volume, of 229,963 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.1% of the company’s shares are short sold.

Sypris Solutions Stock Down 8.0%

Shares of Sypris Solutions stock opened at $2.52 on Friday. Sypris Solutions has a 1 year low of $1.79 and a 1 year high of $4.74. The business has a 50-day moving average of $3.23 and a two-hundred day moving average of $3.00. The company has a market capitalization of $57.99 million, a P/E ratio of -6.00 and a beta of 0.85. 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 (NASDAQ:SYPR) last posted its quarterly earnings data on Tuesday, May 19th. The auto parts company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17). The firm had revenue of $25.81 million for the quarter, compared to the consensus estimate of $22.70 million. Sypris Solutions had a negative return on equity of 54.45% and a negative net margin of 8.23%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new position in shares of Sypris Solutions during the fourth quarter worth about $25,000. Jane Street Group LLC bought a new position in Sypris Solutions in the fourth quarter valued at approximately $31,000. Dimensional Fund Advisors LP grew its stake in 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 purchasing an additional 13,975 shares in the last quarter. Finally, Sei Investments Co. bought a new position in Sypris Solutions in the first quarter valued at approximately $505,000. 44.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SYPR. Weiss Ratings reissued a “sell (d-)” rating on shares of Sypris Solutions in a research note on Tuesday, April 21st. Wall Street Zen lowered Sypris Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sypris Solutions presently 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.