Synalloy Corporation (NASDAQ:SYNL) Sellers Strengthened Their Shorts By 39.45%

During 2018 Q2 the big money sentiment increased to 2.91. That’s change of 2.06, from 2018Q1’s 0.85. 5 investors sold all, 6 reduced holdings as Synalloy Corporation ratio increased. 11 increased positions while 21 funds took positions. Funds hold 4.61 million shares thus 11.95% more from 2018Q1’s 4.12 million shares.
Ny State Common Retirement Fund stated it has 0% of its capital in Synalloy Corporation (NASDAQ:SYNL). Citigroup stated it has 1,919 shs. American Gru invested in 5,386 shs or 0% of the stock. Tower Research Capital Lc (Trc) owns 1,149 shs for 0% of their capital. Legal & General Gp Public Ltd Company has invested 0% in Synalloy Corporation (NASDAQ:SYNL). The Florida-based Deprince Race & Zollo has invested 0.11% in Synalloy Corporation (NASDAQ:SYNL). Moreover, Blackrock has 0% invested in Synalloy Corporation (NASDAQ:SYNL). Acadian Asset Management Lc has invested 0% in Synalloy Corporation (NASDAQ:SYNL). Markel invested in 0.15% or 414,804 shs. Gam Ag reported 150,000 shs or 0.1% of all its holdings. Millennium Management Llc owns 0% invested in Synalloy Corporation (NASDAQ:SYNL) for 16,307 shs. Deutsche Financial Bank Ag has 0% invested in Synalloy Corporation (NASDAQ:SYNL) for 35,455 shs. Zpr Inv has invested 1.14% in Synalloy Corporation (NASDAQ:SYNL). Ameritas Investment reported 692 shs or 0% of all its holdings. Northern accumulated 0% or 88,721 shs.

Synalloy Corporation registered $60,464 net activity with 2 insider purchases and 1 insider sale since June 11, 2018. BRAM CRAIG C had bought 1,800 shs worth $40,086. Shares for $200,000 were sold by Wright Murray H.

Synalloy Corporation (NASDAQ:SYNL) reported an increase of 39.45% in short interest. FINRA published in November SYNL’s total 370,100 short interest. The 265,400 previous shares are up with 39.45%. Synalloy Corporation (NASDAQ:SYNL) has 15,700 shares average volume. It’ll cost 24 days for SYNL to restore its former position. Float short on Synalloy Corporation is 5.17%.

The stock decreased 2.73% or $0.48 during the last trading session, reaching $17.09.Currently Synalloy Corporation is uptrending after 112.68% change in last November 10, 2017. SYNL has also 15,650 shares volume. SYNL outperformed by 97.06% the S&P500.

Synalloy Corporation engages in production and sale of stainless steel pipes, fiberglass, steel storage tanks, and specialty chemicals in the United States and internationally.The firm is valued at $150.43 million. The firm operates in two divisions, Metals and Specialty Chemicals.The P/E ratio is 20.72. The Metals segment makes and sells stainless steel and other alloy pipes under the BRISMET trade name through authorized stocking distributors; and liquid storage solutions and separation equipment, as well as distributes seamless carbon pipes and tubes.

There’s a substantial Synalloy Corporation (NASDAQ:SYNL) news brought out by Globenewswire.com. It’s an item titled: “Synalloy Reports Third Quarter 2018 Results:” on November 06, 2018.

Synalloy Corporation (NASDAQ:SYNL) Institutional Investors Chart

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