Short Interest To Observe: Sifco Industries (NYSEMKT:SIF) Short Interest Increased By 237.25%

November 16, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest To Observe: Sifco Industries (NYSEMKT:SIF) Short Interest Increased By 237.25%

The stock of Sifco Industries (NYSEMKT:SIF) registered an increase of 237.25% in short interest. SIF’s total short interest was 17,200 shares in November as published by FINRA. Its up 237.25% from 5,100 shares, reported previously. With 25,200 shares average volume, it will take short sellers 1 days to cover their SIF’s short positions. The short interest to Sifco Industries’s float is 0.69%. The stock decreased 2.50% or $0.25 on November 15, hitting $9.75. SIFCO Industries Inc (NYSEMKT:SIF) has declined 2.69% since April 14, 2016 and is downtrending. It has underperformed by 7.38% the S&P500.

SIFCO Industries, Inc. is engaged in the production of forgings and machined components for the aerospace and energy markets. The company has a market cap of $53.86 million. The Company’s processes and services include forging, heat-treating and machining. It currently has negative earnings. The Firm services both original equipment manufacturers and aftermarket clients with products that range in size from approximately 2 to 1,200 pounds.

Insitutional Activity: The institutional sentiment decreased to 0.44 in Q2 2016. Its down 0.19, from 0.63 in 2016Q1. The ratio dived, as 4 funds sold all SIFCO Industries Inc shares owned while 5 reduced positions. 3 funds bought stakes while 1 increased positions. They now own 1.41 million shares or 8.83% less from 1.55 million shares in 2016Q1.
Northern Trust Corp accumulated 11,162 shares or 0% of the stock. Blackrock Fund Advsrs holds 0% of its portfolio in SIFCO Industries Inc (NYSEMKT:SIF) for 7,905 shares. Thomson Horstmann & Bryant Inc has invested 0.82% of its portfolio in SIFCO Industries Inc (NYSEMKT:SIF). Blackrock Institutional Tru Na holds 0% of its portfolio in SIFCO Industries Inc (NYSEMKT:SIF) for 4,822 shares. Minerva Advisors Ltd last reported 0.26% of its portfolio in the stock. Us Natl Bank De reported 20,981 shares or 0% of all its holdings. The Texas-based Bridgeway Mgmt has invested 0.01% in SIFCO Industries Inc (NYSEMKT:SIF). Tower Capital Ltd Company (Trc) has 1,060 shares for 0% of their US portfolio. Deutsche Fincl Bank Ag holds 0% of its portfolio in SIFCO Industries Inc (NYSEMKT:SIF) for 52 shares. Moreover, Citigroup has 0% invested in SIFCO Industries Inc (NYSEMKT:SIF) for 500 shares. Nationwide Fund, a Pennsylvania-based fund reported 425 shares. Renaissance Techs Limited Liability last reported 0% of its portfolio in the stock. Dimensional Fund Advsrs L P owns 262,425 shares or 0% of their US portfolio. Wells Fargo & Com Mn accumulated 1 shares or 0% of the stock. Rbf has invested 0.04% of its portfolio in SIFCO Industries Inc (NYSEMKT:SIF).

Insider Transactions: Since August 22, 2016, the stock had 1 insider buy, and 0 selling transactions for $19,411 net activity. $19,411 worth of SIFCO Industries Inc (NYSEMKT:SIF) was bought by Molten Donald C Jr..

SIF Company Profile

SIFCO Industries, Inc., incorporated on July 26, 1916, is engaged in the production of forgings and machined components for the aerospace and energy markets. The Company’s processes and services include forging, heat-treating and machining. The Firm services both original equipment manufacturers (OEM) and aftermarket clients with products that range in size from approximately 2 to 1,200 pounds. The Company’s products are made primarily of steel, stainless steel, titanium and aluminum, and include OEM and aftermarket components for aircraft and industrial gas turbine engines; steam turbine blades; structural airframe components; aircraft landing gear components; aircraft wheels and brakes; critical rotating components for helicopters, and commercial/industrial products. The Firm also provides heat-treatment, surface-treatment, non-destructive testing and select machining of forged components.

More notable recent SIFCO Industries Inc (NYSEMKT:SIF) news were published by: Crainscleveland.com which released: “SIFCO Industries Inc. names new CEO, board chairman” on June 17, 2016, also Reuters.com with their article: “BRIEF-SIFCO Industries entered into an amended, restated credit and securi…” published on November 15, 2016, Businesswire.com published: “SIFCO Industries, Inc. Completes the Acquisition of C*Blade, an Italian …” on July 01, 2015. More interesting news about SIFCO Industries Inc (NYSEMKT:SIF) were released by: Thestreet.com and their article: “SIFCO Industries (SIF) Downgraded From Buy to Hold” published on March 10, 2015 as well as Businesswire.com‘s news article titled: “SIFCO Industries, Inc. Announces Planned Retirement of CEO Michael S. Lipscomb” with publication date: March 18, 2016.

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By Marguerite Chambers

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