合成合金公司(纳斯达克代码：SYNL)空头股数股价大幅下降

Synalloy Co. (NASDAQ:SYNL – Get Rating) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 11,700 shares, a drop of 17.0% from the May 31st total of 14,100 shares. Based on an average trading volume of 36,200 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company's shares are sold short.

SYNL opened at $13.00 on Thursday. Synalloy has a twelve month low of $9.50 and a twelve month high of $19.20. The company has a quick ratio of 1.18, a current ratio of 2.97 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average of $15.50 and a 200-day moving average of $16.35. The stock has a market cap of $133.12 million, a PE ratio of 4.32 and a beta of 0.66.

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Synalloy (NASDAQ:SYNL – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The industrial products company reported $0.99 earnings per share for the quarter. The company had revenue of $116.22 million during the quarter. Synalloy had a net margin of 7.72% and a return on equity of 28.56%.

In other Synalloy news, CEO Christopher Gerald Hutter purchased 4,592 shares of the company's stock in a transaction dated Friday, May 13th. The stock was purchased at an average price of $15.00 per share, with a total value of $68,880.00. Following the completion of the purchase, the chief executive officer now owns 210,168 shares of the company's stock, valued at $3,152,520. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.99% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of SYNL. Deltec Asset Management LLC grew its holdings in Synalloy by 12.6% in the fourth quarter. Deltec Asset Management LLC now owns 12,895 shares of the industrial products company's stock worth $212,000 after purchasing an additional 1,439 shares during the period. Citadel Investment Advisory Inc. acquired a new stake in Synalloy in the fourth quarter worth $307,000. Hillsdale Investment Management Inc. acquired a new stake in Synalloy in the fourth quarter worth $80,000. Dimensional Fund Advisors LP grew its holdings in Synalloy by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 441,807 shares of the industrial products company's stock worth $7,259,000 after purchasing an additional 25,320 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in Synalloy in the fourth quarter worth $1,540,000. Institutional investors and hedge funds own 37.88% of the company's stock.

Separately, StockNews.com cut shares of Synalloy from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, June 7th.

About Synalloy (Get Rating)

Synalloy Corporation, through its subsidiaries, manufactures and sells metals and specialty chemicals in the United States and internationally. The company's Metals segment manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and galvanized carbon tubes, as well as related stainless pipe products.

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