Sypris Solutions, Inc. (NASDAQ:SYPR) Sees Significant Decrease in Short Interest

Sypris Solutions, Inc. (NASDAQ:SYPR) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 3,900 shares, a drop of 13.3% from the July 31st total of 4,500 shares. Based on an average daily trading volume, of 17,800 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Shares of SYPR traded up $0.01 during trading hours on Friday, hitting $0.98. The stock had a trading volume of 6,586 shares, compared to its average volume of 47,825. The company has a current ratio of 1.57, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09. The company’s fifty day simple moving average is $0.96 and its 200 day simple moving average is $0.95. Sypris Solutions has a 12-month low of $0.70 and a 12-month high of $1.52.

Sypris Solutions (NASDAQ:SYPR) last issued its earnings results on Wednesday, August 14th. The auto parts company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. The business had revenue of $24.44 million for the quarter. Sypris Solutions had a negative return on equity of 23.01% and a negative net margin of 3.73%.

Sypris Solutions Company Profile

Sypris Solutions, Inc provides truck components, oil and gas pipeline components, and aerospace and defense electronics in the United States and Mexico. It operates through two segments, Sypris Technologies and Sypris Electronics. The Sypris Technologies segment supplies forged and machined components for the commercial vehicle, off highway vehicle, light truck, automotive, and energy markets.

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