Sypris Solutions, Inc. (NASDAQ:SYPR) Sees Large Growth in Short Interest

Sypris Solutions, Inc. (NASDAQ:SYPR) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 129,586 shares, an increase of 119.5% from the May 14th total of 59,031 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average trading volume of 229,963 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Sypris Solutions

Large investors have recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in shares of Sypris Solutions in the 4th quarter valued at about $25,000. Jane Street Group LLC acquired a new stake in shares of Sypris Solutions in the 4th quarter valued at about $31,000. Dimensional Fund Advisors LP boosted its position in shares of Sypris Solutions by 33.0% in the 1st 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 during the period. Finally, Sei Investments Co. acquired a new stake in shares of Sypris Solutions in the 1st quarter valued at about $505,000. 44.66% of the stock is owned by institutional investors and hedge funds.

Sypris Solutions Stock Down 8.0%

Shares of NASDAQ:SYPR traded down $0.22 on Friday, hitting $2.52. 72,237 shares of the company’s stock were exchanged, compared to its average volume of 161,442. The firm’s 50-day moving average is $3.23 and its 200 day moving average is $3.00. The company has a market capitalization of $57.99 million, a PE ratio of -6.00 and a beta of 0.85. Sypris Solutions has a 1-year low of $1.79 and a 1-year high of $4.74. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.39 and a current ratio of 1.20.

Sypris Solutions (NASDAQ:SYPR) last released its quarterly earnings data on Tuesday, May 19th. The auto parts company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.17). The business had revenue of $25.81 million for the quarter, compared to analyst estimates of $22.70 million. Sypris Solutions had a negative return on equity of 54.45% and a negative net margin of 8.23%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SYPR. Wall Street Zen cut Sypris Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sypris Solutions in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.