Haynes International, Inc. (NASDAQ:HAYN) Short Interest Up 55.6% in October

Haynes International, Inc. (NASDAQ:HAYNGet Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 619,800 shares, an increase of 55.6% from the October 15th total of 398,300 shares. Based on an average daily volume of 119,300 shares, the days-to-cover ratio is currently 5.2 days. Currently, 5.0% of the shares of the company are sold short.

Insiders Place Their Bets

In related news, CFO Daniel W. Maudlin sold 6,744 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $59.66, for a total transaction of $402,347.04. Following the completion of the sale, the chief financial officer now owns 30,287 shares of the company’s stock, valued at $1,806,922.42. This represents a 18.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Haynes International during the first quarter valued at approximately $114,000. BNP Paribas Financial Markets increased its position in Haynes International by 8.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,775 shares of the basic materials company’s stock valued at $165,000 after acquiring an additional 220 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in Haynes International during the 2nd quarter valued at $526,000. Anson Funds Management LP acquired a new position in Haynes International during the 3rd quarter worth $1,445,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Haynes International by 71,414.3% in the second quarter. Nisa Investment Advisors LLC now owns 25,030 shares of the basic materials company’s stock worth $1,469,000 after purchasing an additional 24,995 shares in the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

Haynes International Price Performance

Shares of NASDAQ HAYN opened at $60.93 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 7.74 and a quick ratio of 1.89. The firm has a market capitalization of $778.69 million, a PE ratio of 20.94, a P/E/G ratio of 0.74 and a beta of 1.39. Haynes International has a 1-year low of $47.69 and a 1-year high of $60.96. The business’s fifty day moving average price is $59.84 and its two-hundred day moving average price is $59.46.

Haynes International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.44%. Haynes International’s dividend payout ratio (DPR) is presently 30.24%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Haynes International in a report on Saturday, October 12th. They set a “hold” rating for the company.

View Our Latest Analysis on Haynes International

About Haynes International

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Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment.

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