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. Approximately 3.8% of the company’s shares are short sold. Based on an average trading volume of 61,900 shares, the days-to-cover ratio is currently 9.0 days.

Ampco-Pittsburgh Price Performance

Shares of Ampco-Pittsburgh stock opened at $0.75 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.94 and a quick ratio of 0.96. Ampco-Pittsburgh has a 1 year low of $0.74 and a 1 year high of $4.00. The firm’s 50-day moving average is $1.39 and its two-hundred day moving average is $2.10. The stock has a market cap of $14.93 million, a price-to-earnings ratio of -0.34 and a beta of 0.84.

Ampco-Pittsburgh (NYSE:AP) last released its quarterly earnings results on Monday, May 13th. The industrial products company reported ($0.14) earnings per share for the quarter. Ampco-Pittsburgh had a negative net margin of 10.13% and a negative return on equity of 47.00%. The firm had revenue of $110.22 million during the quarter.

Wall Street Analyst Weigh In

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