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

Sypris Solutions, Inc. (NASDAQ:SYPR) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 68,887 shares, an increase of 73.4% from the July 15th total of 39,729 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 45,468 shares, the short-interest ratio is presently 1.5 days.

Institutional Investors Weigh In On Sypris Solutions

A number of institutional investors have recently added to or reduced their stakes in SYPR. Sei Investments Co. acquired a new stake in Sypris Solutions in the 1st quarter worth about $505,000. BlackRock Inc. purchased a new stake in Sypris Solutions during the 2nd quarter worth approximately $182,000. Williams & Novak LLC raised its holdings in shares of Sypris Solutions by 3.4% during the second quarter. Williams & Novak LLC now owns 2,205,929 shares of the auto parts company’s stock valued at $5,360,000 after acquiring an additional 72,628 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Sypris Solutions during the second quarter valued at approximately $97,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Sypris Solutions by 33.0% in the first quarter. Dimensional Fund Advisors LP now owns 56,293 shares of the auto parts company’s stock valued at $160,000 after acquiring an additional 13,975 shares in the last quarter. Institutional investors and hedge funds own 44.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sypris Solutions in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Sypris Solutions Price Performance

NASDAQ SYPR remained flat at $2.06 during trading hours on Monday. The company had a trading volume of 12,931 shares, compared to its average volume of 142,979. The stock has a market capitalization of $47.40 million, a price-to-earnings ratio of -4.90 and a beta of 0.92. The firm has a fifty day moving average price of $2.19 and a 200-day moving average price of $2.89. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.20 and a quick ratio of 0.39. Sypris Solutions has a 12 month low of $1.78 and a 12 month high of $4.74.

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

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.