Short Interest in Haynes International, Inc. (NASDAQ:HAYN) Expands By 30.5%

Haynes International, Inc. (NASDAQ:HAYN) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 618,100 shares, a growth of 30.5% from the August 15th total of 473,700 shares. Approximately 5.0% of the shares of the company are sold short. Based on an average trading volume of 91,300 shares, the days-to-cover ratio is presently 6.8 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Haynes International in a research note on Tuesday, September 10th. They issued a “hold” rating on the stock.

Insider Buying and Selling at Haynes International

In other news, CFO Daniel W. Maudlin sold 6,744 shares of Haynes International stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $59.66, for a total value of $402,347.04. Following the completion of the transaction, the chief financial officer now owns 30,287 shares of the company’s stock, valued at approximately $1,806,922.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On Haynes International

A number of hedge funds have recently made changes to their positions in HAYN. Russell Investments Group Ltd. lifted its stake in Haynes International by 352.9% in the 4th quarter. Russell Investments Group Ltd. now owns 27,240 shares of the basic materials company’s stock valued at $1,554,000 after purchasing an additional 21,225 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Haynes International by 67.1% during the 1st quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock valued at $375,000 after acquiring an additional 2,504 shares in the last quarter. SG Americas Securities LLC bought a new stake in Haynes International during the 1st quarter worth $114,000. Gabelli Funds LLC acquired a new position in Haynes International in the 1st quarter worth about $8,325,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Haynes International in the first quarter valued at about $7,070,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Haynes International Stock Performance

HAYN traded down $0.73 during trading on Monday, hitting $58.67. The stock had a trading volume of 75,375 shares, compared to its average volume of 155,672. 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 company has a 50 day moving average price of $59.64 and a 200-day moving average price of $59.50. Haynes International has a one year low of $41.15 and a one year high of $60.86. The firm has a market cap of $749.98 million, a price-to-earnings ratio of 19.82, a P/E/G ratio of 1.11 and a beta of 1.40.

Haynes International (NASDAQ:HAYN) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.33). Haynes International had a net margin of 6.11% and a return on equity of 8.45%. The business had revenue of $153.92 million during the quarter, compared to analyst estimates of $159.35 million. As a group, research analysts predict that Haynes International will post 2.55 EPS for the current year.

Haynes International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, August 30th. Haynes International’s dividend payout ratio (DPR) is presently 29.73%.

Haynes International Company Profile

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.