Ampco-Pittsburgh Co. (NYSE:AP) Short Interest Down 5.7% in December

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AP. State Street Corp increased its stake 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 worth $148,000 after acquiring an additional 35,700 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Ampco-Pittsburgh by 38.5% in the 3rd quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 42,305 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Ampco-Pittsburgh by 12.7% in the 2nd quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock worth $428,000 after acquiring an additional 62,593 shares during the last quarter. 49.16% of the stock is owned by institutional investors and hedge funds.

Ampco-Pittsburgh Trading Up 5.7 %

Shares of AP stock opened at $2.60 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.99 and a quick ratio of 0.98. The company has a market cap of $52.21 million, a price-to-earnings ratio of -1.15 and a beta of 0.95. The stock has a 50 day simple moving average of $2.04 and a 200-day simple moving average of $1.85. Ampco-Pittsburgh has a 1-year low of $0.74 and a 1-year high of $2.77.

Ampco-Pittsburgh Company Profile

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.