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

Ampco-Pittsburgh Co. (NYSE:AP) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 603,200 shares, a drop of 5.7% from the December 15th total of 639,600 shares. Based on an average trading volume of 43,600 shares, the short-interest ratio is currently 13.8 days. Approximately 4.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Ampco-Pittsburgh in a research report on Tuesday, January 14th. They set a “hold” rating on the stock.

Ampco-Pittsburgh Stock Performance

Ampco-Pittsburgh stock opened at $2.60 on Friday. Ampco-Pittsburgh has a 1-year low of $0.74 and a 1-year high of $2.77. The company has a current ratio of 1.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $52.21 million, a PE ratio of -1.15 and a beta of 0.95. The firm’s 50 day simple moving average is $2.04 and its 200 day simple moving average is $1.85.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Ampco-Pittsburgh by 38.5% during the third quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock worth $304,000 after buying an additional 42,305 shares in the last quarter. State Street Corp raised its holdings in shares of Ampco-Pittsburgh by 92.7% in the 3rd quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 35,700 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Ampco-Pittsburgh by 12.7% during the 2nd quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock valued at $428,000 after acquiring an additional 62,593 shares during the last quarter. Institutional investors own 49.16% of the company’s stock.

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.