Synalloy Corporation (NASDAQ:SYNL) Could Burn Your Long Portfolio After More Shorts

September 30, 2018 - By Victoria Pittman

Investors sentiment increased to 2.91 in Q2 2018. Its up 2.06, from 0.85 in 2018Q1. It increased, as 5 investors sold Synalloy Corporation shares while 6 reduced holdings. 21 funds opened positions while 11 raised stakes. 4.61 million shares or 11.95% more from 4.12 million shares in 2018Q1 were reported.
Northern Trust stated it has 88,721 shares or 0% of all its holdings. Tower Research Lc (Trc) stated it has 0% in Synalloy Corporation (NASDAQ:SYNL). Legal And General Grp Public Limited Company holds 0% or 1,220 shares. Deprince Race & Zollo has invested 0.11% in Synalloy Corporation (NASDAQ:SYNL). 5 were accumulated by Salem Counselors Inc. Zpr Inv stated it has 42,726 shares or 1.14% of all its holdings. Acadian Asset Ltd Liability Corporation has 10,081 shares. Markel Corp holds 414,804 shares. State Street Corporation owns 111,710 shares for 0% of their portfolio. Ameritas accumulated 692 shares. The Texas-based Bridgeway Cap Management has invested 0.02% in Synalloy Corporation (NASDAQ:SYNL). Morgan Stanley owns 22,472 shares. Farr Miller & Washington Limited Company Dc accumulated 0.17% or 94,709 shares. Moreover, Amer Grp Inc has 0% invested in Synalloy Corporation (NASDAQ:SYNL) for 5,386 shares. Minerva Advsrs Lc reported 84,755 shares.

Since June 11, 2018, it had 2 insider buys, and 1 sale for $60,464 activity. The insider BRAM CRAIG C bought $40,086. $200,000 worth of stock was sold by Wright Murray H on Monday, June 11.

The stock of Synalloy Corporation (NASDAQ:SYNL) registered an increase of 39.45% in short interest. SYNL’s total short interest was 370,100 shares in September as published by FINRA. Its up 39.45% from 265,400 shares, reported previously. With 15,700 shares average volume, it will take short sellers 24 days to cover their SYNL’s short positions. The short interest to Synalloy Corporation’s float is 5.17%.

The stock decreased 1.08% or $0.25 during the last trading session, reaching $22.85. About 6,588 shares traded. Synalloy Corporation (NASDAQ:SYNL) has risen 112.68% since September 30, 2017 and is uptrending. It has 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 company has market cap of $201.13 million. The firm operates in two divisions, Metals and Specialty Chemicals. It has a 27.7 P/E ratio. 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.

More news for Synalloy Corporation (NASDAQ:SYNL) were recently published by: Investorplace.com, which released: “10 Boring Stocks Growing Like Weeds” on September 14, 2018. Nasdaq.com‘s article titled: “Synalloy’s Bristol Metals Announces Record High Bookings” and published on September 04, 2018 is yet another important article.

Synalloy Corporation (NASDAQ:SYNL) Institutional Positions Chart

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