Ampco-Pittsburgh Co. (NYSE:AP) Short Interest Update

Ampco-Pittsburgh Co. (NYSE:AP) was the target of a significant increase in short interest in the month of 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 trading volume of 61,900 shares, the short-interest ratio is presently 9.0 days. Currently, 3.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Ampco-Pittsburgh in a research report on Thursday, June 27th. They issued a “buy” rating for the company.

Ampco-Pittsburgh Trading Up 0.8 %

Shares of AP stock traded up $0.01 on Wednesday, reaching $0.76. 18,342 shares of the company were exchanged, compared to its average volume of 50,772. The business has a 50-day moving average price of $1.42 and a 200 day moving average price of $2.11. 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 has a 1 year low of $0.74 and a 1 year high of $4.00.

Ampco-Pittsburgh (NYSE:AP) last released its earnings results on Monday, May 13th. The industrial products company reported ($0.14) EPS for the quarter. The company 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.