Short Interest in Ryerson Holding Co. (NYSE:RYI) Declines By 20.1%

Ryerson Holding Co. (NYSE:RYI) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 513,500 shares, a drop of 20.1% from the December 15th total of 642,700 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average trading volume of 245,900 shares, the days-to-cover ratio is presently 2.1 days.

Insiders Place Their Bets

In other news, EVP Mark S. Silver sold 9,000 shares of Ryerson 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 completion of the sale, the executive vice president now directly owns 107,664 shares of the company’s stock, valued at approximately $2,644,227.84. The trade was a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.88% of the stock is owned by insiders.

Institutional Investors Weigh In On Ryerson

A number of institutional investors have recently modified their holdings of RYI. State Street Corp grew its stake in Ryerson by 3.2% during the 3rd quarter. State Street Corp now owns 1,411,397 shares of the basic materials company’s stock worth $28,101,000 after purchasing an additional 43,780 shares in the last quarter. Denali Advisors LLC grew its stake in Ryerson by 34.3% during the 2nd quarter. Denali Advisors LLC now owns 213,807 shares of the basic materials company’s stock worth $4,169,000 after purchasing an additional 54,621 shares in the last quarter. Renaissance Technologies LLC grew its stake in Ryerson by 34.1% during the 2nd quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company’s stock worth $5,433,000 after purchasing an additional 70,901 shares in the last quarter. Barclays PLC grew its stake in Ryerson by 167.0% during the 3rd quarter. Barclays PLC now owns 55,330 shares of the basic materials company’s stock worth $1,101,000 after purchasing an additional 34,604 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Ryerson by 31.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock worth $16,874,000 after purchasing an additional 203,314 shares in the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Ryerson Trading Up 1.8 %

Shares of NYSE RYI opened at $19.99 on Wednesday. Ryerson has a twelve month low of $17.18 and a twelve month high of $36.15. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $22.25 and a 200-day simple moving average of $21.11. The stock has a market capitalization of $636.62 million, a PE ratio of 32.77 and a beta of 1.59.

Ryerson (NYSE:RYI) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.26). Ryerson had a net margin of 0.46% and a return on equity of 2.66%. The firm had revenue of $1.13 billion during the quarter. During the same period in the previous year, the firm earned $1.00 earnings per share.

Ryerson Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.1875 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.75%. Ryerson’s payout ratio is presently 122.95%.

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.