Ampco-Pittsburgh Co. (NYSE:AP) Short Interest Down 5.7% in December

Ampco-Pittsburgh Co. (NYSE:AP) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 603,200 shares, a decline of 5.7% from the December 15th total of 639,600 shares. Approximately 4.1% of the company’s stock are short sold. Based on an average daily volume of 43,600 shares, the short-interest ratio is presently 13.8 days.

Institutional Trading of Ampco-Pittsburgh

A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in Ampco-Pittsburgh by 38.5% in the third quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock valued at $304,000 after buying an additional 42,305 shares in the last quarter. State Street Corp raised its stake in shares of Ampco-Pittsburgh by 92.7% in the third quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 35,700 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Ampco-Pittsburgh by 12.7% in the 2nd quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock worth $428,000 after acquiring an additional 62,593 shares in the last quarter. 49.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Ampco-Pittsburgh in a report on Tuesday, January 14th. They set a “hold” rating for the company.

Ampco-Pittsburgh Trading Up 5.7 %

Shares of Ampco-Pittsburgh stock opened at $2.60 on Monday. Ampco-Pittsburgh has a 52-week low of $0.74 and a 52-week high of $2.77. The firm has a market capitalization of $52.21 million, a PE ratio of -1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.99 and a quick ratio of 0.98. The company’s fifty day moving average price is $2.04 and its two-hundred day moving average price is $1.85.

About Ampco-Pittsburgh

Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. The company operates through Forged and Cast Engineered Products (FCEP); and Air and Liquid Processing (ALP) segments.