Ryerson Holding Co. (NYSE:RYI) Short Interest Down 19.1% in November

Ryerson Holding Co. (NYSE:RYI) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 693,900 shares, a decrease of 19.1% from the November 15th total of 857,400 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily volume of 262,500 shares, the days-to-cover ratio is currently 2.6 days.

Ryerson Trading Down 2.1 %

Shares of RYI traded down $0.47 during mid-day trading on Friday, hitting $22.26. 184,354 shares of the company’s stock traded hands, compared to its average volume of 301,404. The business’s 50-day moving average price is $23.35 and its 200-day moving average price is $21.48. Ryerson has a 1 year low of $17.57 and a 1 year high of $36.20. The firm has a market capitalization of $708.98 million, a P/E ratio of 36.49 and a beta of 1.54. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62.

Ryerson (NYSE:RYI) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.26). The company had revenue of $1.13 billion during the quarter. Ryerson had a return on equity of 2.66% and a net margin of 0.46%. During the same period in the previous year, the business earned $1.00 EPS.

Ryerson Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.37%. The ex-dividend date is Thursday, December 5th. Ryerson’s dividend payout ratio (DPR) is 122.95%.

Insider Activity

In other Ryerson news, EVP Mark S. Silver sold 9,000 shares of Ryerson 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 directly owns 107,664 shares of the company’s stock, valued at $2,644,227.84. The trade was a 7.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.88% of the company’s stock.

Institutional Investors Weigh In On Ryerson

Several institutional investors and hedge funds have recently made changes to their positions in RYI. Denali Advisors LLC lifted its stake in Ryerson by 34.3% during the 2nd quarter. Denali Advisors LLC now owns 213,807 shares of the basic materials company’s stock valued at $4,169,000 after acquiring an additional 54,621 shares during the period. 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 valued at $5,433,000 after purchasing an additional 70,901 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Ryerson by 31.6% in 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 purchasing an additional 203,314 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Ryerson by 8.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,626 shares of the basic materials company’s stock valued at $305,000 after buying an additional 1,157 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Ryerson during the 2nd quarter valued at $595,000. Institutional investors own 94.81% of the company’s stock.

Ryerson Company Profile

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.