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

Ampco-Pittsburgh Co. (NYSE:AP) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 554,100 shares, an increase of 6.1% from the May 31st total of 522,300 shares. Based on an average daily trading volume, of 61,900 shares, the short-interest ratio is presently 9.0 days. Approximately 3.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Ampco-Pittsburgh in a report on Thursday, June 27th. They set a “buy” rating on the stock.

Ampco-Pittsburgh Trading Up 0.8 %

Shares of NYSE:AP traded up $0.01 on Wednesday, reaching $0.76. 18,342 shares of the company traded hands, compared to its average volume of 50,772. The business’s 50-day simple moving average is $1.42 and its 200 day simple moving average is $2.11. Ampco-Pittsburgh has a 52 week low of $0.74 and a 52 week high of $4.00. 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 released its quarterly earnings data on Monday, May 13th. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $110.22 million during the quarter. Ampco-Pittsburgh had a negative net margin of 10.13% and a negative return on equity of 47.00%.

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.