November 17, 2016 - By Vivian Park · 0 Comments
The stock of Synalloy Corporation (NASDAQ:SYNL) registered a decrease of 8.44% in short interest. SYNL’s total short interest was 81,400 shares in November as published by FINRA. Its down 8.44% from 88,900 shares, reported previously. With 49,200 shares average volume, it will take short sellers 2 days to cover their SYNL’s short positions. The short interest to Synalloy Corporation’s float is 1.1%. The stock decreased 3.40% or $0.35 on November 16, hitting $9.95. Synalloy Corporation (NASDAQ:SYNL) has risen 23.91% since April 15, 2016 and is uptrending. It has outperformed by 19.29% the S&P500.
Synalloy Corporation is a chemical manufacturing company. The company has a market cap of $83.77 million. The Firm operates through two divisions: the Metals Segment and the Specialty Chemicals Segment. It currently has negative earnings. The Company’s Metals Segment comprises three subsidiaries: Synalloy Metals, Inc., which owns Bristol Metals, LLC , located in Bristol, Tennessee; Palmer of Texas Tanks, Inc. (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc. (Specialty), located in Mineral Ridge, Ohio and Houston, Texas.
Insitutional Activity: The institutional sentiment decreased to 1.15 in 2016 Q2. Its down 0.02, from 1.17 in 2016Q1. The ratio dropped, as 2 funds sold all Synalloy Corporation shares owned while 11 reduced positions. 3 funds bought stakes while 12 increased positions. They now own 4.00 million shares or 6.24% less from 4.26 million shares in 2016Q1.
Tower Research Ltd Company (Trc) last reported 1,451 shares in the company. First Wilshire Secs Mngmt, a California-based fund reported 71,364 shares. Gam Holding Ag last reported 0.02% of its portfolio in the stock. Northern Tru Corp holds 0% of its portfolio in Synalloy Corporation (NASDAQ:SYNL) for 21,190 shares. Morgan Stanley has 8,965 shares for 0% of their US portfolio. Citadel Limited Com owns 16,432 shares or 0% of their US portfolio. Vanguard Gp Incorporated Inc holds 0% or 279,494 shares in its portfolio. Us Bank De has 33,942 shares for 0% of their US portfolio. Blackrock Advisors Limited Co reported 2,147 shares or 0% of all its holdings. Van Den Berg Mgmt I Incorporated reported 595,011 shares or 0.59% of all its holdings. The New Jersey-based Blackrock Investment Management Lc has invested 0% in Synalloy Corporation (NASDAQ:SYNL). Wells Fargo And Mn has 0% invested in the company for 1,200 shares. Manufacturers Life The, a Ontario – Canada-based fund reported 547 shares. State Bank Of America De last reported 14,410 shares in the company. Blackrock Fund Advsrs last reported 0% of its portfolio in the stock.
Insider Transactions: Since September 6, 2016, the stock had 6 buys, and 0 insider sales for $554,573 net activity. On Tuesday, September 6 the insider Loughran Dennis M bought $75,149. J. Kyle Pennington bought $28,376 worth of stock or 3,800 shares. 10,000 Synalloy Corporation (NASDAQ:SYNL) shares with value of $74,980 were bought by White Vincent W. Guy Henry L also bought $149,098 worth of Synalloy Corporation (NASDAQ:SYNL) on Tuesday, September 6. $197,690 worth of shares were bought by BRAM CRAIG C on Tuesday, September 6. $29,280 worth of Synalloy Corporation (NASDAQ:SYNL) was bought by Cunningham Sarah M.
Synalloy Corporation, incorporated on March 15, 1988, is a chemical manufacturing company. The Firm operates through two divisions: the Metals Segment and the Specialty Chemicals Segment. The Metals Segment makes stainless steel, other alloy pipe, storage solutions and separation equipment. The Specialty Chemicals Segment makes lubricants, surfactants, reaction intermediaries, sulfated fats and oils, and chemical tolling manufacturing resources.
Another recent and important Synalloy Corporation (NASDAQ:SYNL) news was published by Globenewswire.com which published an article titled: “Synalloy Corporation Delivers Non-Binding Preliminary Indication of Interest …” on January 09, 2015.
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By Vivian Park