Ryerson Holding Co. (NYSE:RYI) Short Interest Update

Ryerson Holding Co. (NYSE:RYI) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 823,700 shares, a decline of 14.7% from the August 31st total of 966,200 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average daily volume of 399,200 shares, the short-interest ratio is presently 2.1 days.

Ryerson Stock Up 2.7 %

Shares of NYSE RYI traded up $0.52 during trading hours on Friday, hitting $19.90. 252,187 shares of the stock were exchanged, compared to its average volume of 367,903. The company has a market cap of $660.68 million, a PE ratio of 7.71 and a beta of 1.56. Ryerson has a 12 month low of $17.57 and a 12 month high of $36.20. The company has a quick ratio of 1.11, a current ratio of 2.38 and a debt-to-equity ratio of 0.59. The firm has a fifty day moving average price of $20.04 and a 200-day moving average price of $23.81.

Ryerson (NYSE:RYI) last posted its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Ryerson had a return on equity of 7.27% and a net margin of 1.31%. The firm had revenue of $1.23 billion during the quarter. During the same period in the previous year, the business earned $1.06 EPS.

Ryerson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.188 per share. This represents a $0.75 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, September 5th. Ryerson’s dividend payout ratio is presently 29.07%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RYI. Vanguard Group Inc. increased its holdings in Ryerson by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company’s stock worth $79,757,000 after buying an additional 81,515 shares during the period. William Blair Investment Management LLC lifted its position in Ryerson by 0.8% during the first quarter. William Blair Investment Management LLC now owns 865,464 shares of the basic materials company’s stock valued at $28,993,000 after purchasing an additional 6,883 shares during the period. American Century Companies Inc. boosted its holdings in Ryerson by 14.2% in the second quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company’s stock valued at $15,281,000 after purchasing an additional 97,556 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Ryerson by 3.4% during the 1st quarter. Acadian Asset Management LLC now owns 675,102 shares of the basic materials company’s stock valued at $22,610,000 after buying an additional 22,069 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Ryerson by 2.6% in the 1st quarter. Bridgeway Capital Management LLC now owns 509,845 shares of the basic materials company’s stock valued at $17,080,000 after buying an additional 12,775 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ryerson Company Profile

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.