Short Interest in Ryerson Holding Co. (NYSE:RYI) Decreases By 19.1%

Ryerson Holding Co. (NYSE:RYI) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 693,900 shares, a drop of 19.1% from the November 15th total of 857,400 shares. Based on an average trading volume of 262,500 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.6% of the company’s stock are short sold.

Ryerson Stock Down 1.4 %

Shares of NYSE:RYI traded down $0.32 on Monday, hitting $21.94. 240,231 shares of the company’s stock were exchanged, compared to its average volume of 301,151. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22. Ryerson has a 1-year low of $17.57 and a 1-year high of $36.20. The company has a market capitalization of $698.72 million, a PE ratio of 35.74 and a beta of 1.54. The firm’s 50-day moving average is $23.35 and its 200 day moving average is $21.44.

Ryerson (NYSE:RYI) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.26). The company had revenue of $1.13 billion during the quarter. Ryerson had a net margin of 0.46% and a return on equity of 2.66%. During the same quarter in the prior year, the company earned $1.00 EPS.

Ryerson Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, December 5th. Ryerson’s payout ratio is 122.95%.

Insider Activity at Ryerson

In related news, EVP Mark S. Silver sold 9,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $24.56, for a total value of $221,040.00. Following the transaction, the executive vice president now owns 107,664 shares of the company’s stock, valued at $2,644,227.84. This represents a 7.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.88% of the stock is owned by corporate insiders.

Institutional Trading of Ryerson

Several institutional investors and hedge funds have recently made changes to their positions in RYI. Newbridge Financial Services Group Inc. purchased a new position in Ryerson during the 2nd quarter worth approximately $39,000. Copeland Capital Management LLC purchased a new position in shares of Ryerson during the third quarter worth approximately $56,000. SG Americas Securities LLC acquired a new position in shares of Ryerson in the 3rd quarter valued at $108,000. Point72 DIFC Ltd raised its position in Ryerson by 16.7% in the 2nd quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 837 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ryerson by 41.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company’s stock valued at $150,000 after purchasing an additional 2,259 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

About Ryerson

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.