Ampco-Pittsburgh Co. (NYSE:AP) Sees Significant Growth in Short Interest

Ampco-Pittsburgh Co. (NYSE:AP) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 1,620,000 shares, an increase of 205.4% from the June 30th total of 530,400 shares. Currently, 11.1% of the company’s stock are short sold. Based on an average daily volume of 901,300 shares, the short-interest ratio is presently 1.8 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Ampco-Pittsburgh in a research report on Sunday, July 21st. They set a “buy” rating for the company.

Ampco-Pittsburgh Stock Down 3.0 %

AP traded down $0.05 during trading hours on Friday, hitting $1.60. 133,522 shares of the company’s stock were exchanged, compared to its average volume of 2,764,052. The stock has a market cap of $31.79 million, a price-to-earnings ratio of -0.73 and a beta of 0.83. Ampco-Pittsburgh has a 1-year low of $0.74 and a 1-year high of $3.97. The stock’s 50-day moving average is $1.21 and its two-hundred day moving average is $1.94. The company has a quick ratio of 0.96, a current ratio of 1.94 and a debt-to-equity ratio of 1.73.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings data on Monday, May 13th. The industrial products company reported ($0.14) EPS for the quarter. The business had revenue of $110.22 million for the quarter. Ampco-Pittsburgh had a negative return on equity of 47.00% and a negative net margin of 10.13%.

About Ampco-Pittsburgh

Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. The company operates through Forged and Cast Engineered Products (FCEP); and Air and Liquid Processing (ALP) segments.