Sypris Solutions, Inc. (NASDAQ:SYPR) Short Interest Down 15.8% in February

Sypris Solutions, Inc. (NASDAQ:SYPR) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 204,860 shares, a decrease of 15.8% from the February 12th total of 243,396 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 71,283 shares, the days-to-cover ratio is presently 2.9 days. Based on an average daily volume of 71,283 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.7% of the shares of the company are short sold.

Sypris Solutions Trading Down 0.3%

Shares of NASDAQ SYPR opened at $3.13 on Tuesday. The business has a 50-day moving average price of $3.25 and a two-hundred day moving average price of $2.55. Sypris Solutions has a one year low of $1.51 and a one year high of $4.74. The firm has a market capitalization of $72.08 million, a PE ratio of -31.30 and a beta of 0.75. The company has a current ratio of 1.54, a quick ratio of 0.50 and a debt-to-equity ratio of 0.71.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SYPR. Wall Street Zen raised shares of Sypris Solutions to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Sypris Solutions in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Sypris Solutions

An institutional investor recently bought a new position in Sypris Solutions stock. Jane Street Group LLC acquired a new position in shares of Sypris Solutions, Inc. (NASDAQ:SYPR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,631 shares of the auto parts company’s stock, valued at approximately $31,000. Jane Street Group LLC owned approximately 0.05% of Sypris Solutions at the end of the most recent quarter. 44.66% of the stock is currently owned by institutional investors.

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.