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

Ryerson Holding Co. (NYSE:RYI) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 823,700 shares, a decrease of 14.7% from the August 31st total of 966,200 shares. Based on an average daily trading volume, of 399,200 shares, the short-interest ratio is currently 2.1 days. Currently, 2.9% of the company’s stock are short sold.

Ryerson Stock Up 2.7 %

Ryerson stock opened at $19.90 on Monday. The business has a fifty day moving average of $20.04 and a two-hundred day moving average of $23.71. The company has a quick ratio of 1.11, a current ratio of 2.38 and a debt-to-equity ratio of 0.59. The firm has a market cap of $660.68 million, a P/E ratio of 7.71 and a beta of 1.56. Ryerson has a twelve month low of $17.57 and a twelve month high of $36.20.

Ryerson (NYSE:RYI) last issued its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. Ryerson had a return on equity of 7.27% and a net margin of 1.31%. The firm had revenue of $1.23 billion during the quarter. During the same quarter in the prior year, the company posted $1.06 EPS.

Ryerson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.188 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.75 annualized dividend and a dividend yield of 3.78%. Ryerson’s dividend payout ratio is presently 29.07%.

Institutional Trading of Ryerson

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. increased its position in shares of Ryerson by 983.8% in the 2nd quarter. Victory Capital Management Inc. now owns 434,508 shares of the basic materials company’s stock valued at $8,473,000 after acquiring an additional 394,415 shares during the period. Bank of Montreal Can acquired a new position in shares of Ryerson in the 2nd quarter valued at $5,372,000. MMCAP International Inc. SPC increased its position in shares of Ryerson by 2,316.4% in the 1st quarter. MMCAP International Inc. SPC now owns 193,313 shares of the basic materials company’s stock valued at $6,476,000 after acquiring an additional 185,313 shares during the period. American Century Companies Inc. increased its position in shares of Ryerson by 14.2% in the 2nd quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company’s stock valued at $15,281,000 after acquiring an additional 97,556 shares during the period. Finally, CastleKnight Management LP acquired a new position in shares of Ryerson in the 4th quarter valued at $3,087,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

About Ryerson

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.