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

Sypris Solutions, Inc. (NASDAQ:SYPR) was the recipient of a large 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 sold short. Based on an average trading volume of 71,283 shares, the short-interest ratio is presently 2.9 days. Based on an average trading volume of 71,283 shares, the short-interest ratio is presently 2.9 days. Approximately 1.7% of the shares of the company are sold short.

Sypris Solutions Stock Performance

NASDAQ SYPR opened at $3.17 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 0.50 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $3.26 and its two-hundred day moving average is $2.56. The stock has a market capitalization of $73.01 million, a price-to-earnings ratio of -31.70 and a beta of 0.75. Sypris Solutions has a 12-month low of $1.51 and a 12-month high of $4.74.

Analyst Ratings Changes

Several brokerages have weighed in on SYPR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sypris Solutions in a research note on Thursday, January 22nd. Wall Street Zen raised Sypris Solutions to a “hold” rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Sypris Solutions

A hedge fund recently bought a new stake in Sypris Solutions stock. Jane Street Group LLC purchased a new stake in Sypris Solutions, Inc. (NASDAQ:SYPR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 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 as of its most recent SEC filing. 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.