Ryerson Holding Co. (NYSE:RYI) Short Interest Update

Ryerson Holding Co. (NYSE:RYIGet Free Report) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 513,500 shares, a drop of 20.1% from the December 15th total of 642,700 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average trading volume of 245,900 shares, the days-to-cover ratio is presently 2.1 days.

Ryerson Stock Performance

NYSE RYI opened at $19.99 on Wednesday. The company has a market cap of $636.62 million, a PE ratio of 32.77 and a beta of 1.59. The stock’s 50 day simple moving average is $22.25 and its 200-day simple moving average is $21.11. Ryerson has a 1-year low of $17.18 and a 1-year high of $36.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06.

Ryerson (NYSE:RYIGet Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.26). Ryerson had a return on equity of 2.66% and a net margin of 0.46%. The company had revenue of $1.13 billion for the quarter. During the same quarter last year, the firm posted $1.00 EPS.

Ryerson Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.75%. Ryerson’s payout ratio is 122.95%.

Insider Activity

In other news, EVP Mark S. Silver sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $24.56, for a total value of $221,040.00. Following the transaction, the executive vice president now owns 107,664 shares in the company, valued at $2,644,227.84. This trade represents a 7.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.88% of the company’s stock.

Hedge Funds Weigh In On Ryerson

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in Ryerson by 3.2% during the third quarter. State Street Corp now owns 1,411,397 shares of the basic materials company’s stock worth $28,101,000 after buying an additional 43,780 shares in the last quarter. Denali Advisors LLC lifted its position in Ryerson by 34.3% during the second quarter. Denali Advisors LLC now owns 213,807 shares of the basic materials company’s stock worth $4,169,000 after buying an additional 54,621 shares in the last quarter. Renaissance Technologies LLC lifted its position in Ryerson by 34.1% during the second quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company’s stock worth $5,433,000 after buying an additional 70,901 shares in the last quarter. Barclays PLC increased its stake in Ryerson by 167.0% during the third quarter. Barclays PLC now owns 55,330 shares of the basic materials company’s stock worth $1,101,000 after acquiring an additional 34,604 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Ryerson by 31.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock worth $16,874,000 after acquiring an additional 203,314 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

About Ryerson

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Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.

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