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

Ampco-Pittsburgh Co. (NYSE:AP) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 554,100 shares, a growth 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 daily volume of 61,900 shares, the short-interest ratio is presently 9.0 days.

Ampco-Pittsburgh Stock Performance

NYSE:AP opened at $0.75 on Thursday. Ampco-Pittsburgh has a one year low of $0.74 and a one year high of $4.00. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.94 and a quick ratio of 0.96. The company’s 50-day simple moving average is $1.39 and its 200 day simple moving average is $2.10. The firm has a market capitalization of $14.93 million, a P/E ratio of -0.34 and a beta of 0.84.

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

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Ampco-Pittsburgh in a research note on Thursday, June 27th. They set 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.