Short Interest in Synalloy Co. (NASDAQ:SYNL) Drops By 32.3%
Synalloy Co. (NASDAQ:SYNL) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 130,600 shares, a decline of 32.3% from the May 30th total of 193,000 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average trading volume of 39,300 shares, the short-interest ratio is presently 3.3 days.
NASDAQ SYNL opened at $15.88 on Friday. Synalloy has a 52 week low of $12.45 and a 52 week high of $24.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.17 and a current ratio of 3.48. The business’s fifty day moving average is $17.15. The stock has a market cap of $137.97 million, a price-to-earnings ratio of 9.38 and a beta of 0.09.
Synalloy (NASDAQ:SYNL) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.07 EPS for the quarter. Synalloy had a return on equity of 14.30% and a net margin of 2.71%. The business had revenue of $84.80 million for the quarter.
Synalloy Company Profile
Synalloy Corporation manufactures and sells metals and specialty chemicals in the United States and internationally. The company's Metals segment offers stainless steel, galvanized, and other alloy pipes and tubes under the BRISMET trade name through authorized stocking distributors; liquid storage solutions and separation equipment; and ornamental stainless steel tubing, as well as distributes seamless carbon pipes and tubes.
Further Reading: Cost of Debt
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