Haynes International, Inc. (NASDAQ:HAYN) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 154,900 shares, a decrease of 6.0% from the July 31st total of 164,800 shares. Based on an average daily trading volume, of 66,000 shares, the short-interest ratio is presently 2.3 days. Currently, 1.3% of the shares of the company are sold short.

Institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. grew its stake in Haynes International by 16.2% in the 1st quarter. Victory Capital Management Inc. now owns 49,600 shares of the basic materials company’s stock worth $1,628,000 after acquiring an additional 6,900 shares during the period. Swiss National Bank increased its holdings in Haynes International by 2.2% in the 2nd quarter. Swiss National Bank now owns 23,300 shares of the basic materials company’s stock worth $741,000 after acquiring an additional 500 shares during the last quarter. Aperio Group LLC grew its holdings in Haynes International by 35.0% during the 2nd quarter. Aperio Group LLC now owns 10,804 shares of the basic materials company’s stock valued at $344,000 after buying an additional 2,800 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Haynes International by 882.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,887 shares of the basic materials company’s stock valued at $95,000 after buying an additional 2,593 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in Haynes International during the 2nd quarter valued at about $332,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Shares of NASDAQ HAYN traded up $0.14 during mid-day trading on Monday, hitting $36.25. The company’s stock had a trading volume of 1,803 shares, compared to its average volume of 71,830. The company’s fifty day simple moving average is $30.28 and its 200-day simple moving average is $31.70. Haynes International has a one year low of $24.46 and a one year high of $37.13. The stock has a market cap of $454.93 million, a price-to-earnings ratio of -513.29 and a beta of 1.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.56 and a quick ratio of 1.57.

Haynes International (NASDAQ:HAYN) last released its earnings results on Thursday, August 1st. The basic materials company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). The firm had revenue of $126.03 million for the quarter, compared to analyst estimates of $130.14 million. Haynes International had a net margin of 1.21% and a return on equity of 2.06%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS. On average, sell-side analysts predict that Haynes International will post 0.68 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Thursday, August 29th. Haynes International’s dividend payout ratio is -1,257.14%.

A number of research firms have recently issued reports on HAYN. Zacks Investment Research upgraded shares of Haynes International from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. ValuEngine cut shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, BidaskClub raised shares of Haynes International from a “sell” rating to a “hold” rating in a research note on Monday.

About Haynes International

Haynes International, Inc engages in the development, manufacture, and marketing of nickel-and cobalt-based alloys used in corrosion and high-temperature applications. It supports a range of industries such as aerospace, chemical processing, and industrial gas turbine. The company was founded by Elwood P.

Further Reading: Oversold

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