Haynes International, Inc. (NASDAQ:HAYN) Short Interest Up 9.1% in April

Haynes International, Inc. (NASDAQ:HAYN - Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 303,600 shares, a growth of 9.1% from the April 15th total of 278,400 shares. Based on an average daily volume of 228,900 shares, the days-to-cover ratio is currently 1.3 days. Approximately 2.4% of the company's stock are short sold.

Wall Street Analyst Weigh In

HAYN has been the subject of a number of recent analyst reports. Noble Financial cut Haynes International from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 6th. Northcoast Research reissued a "neutral" rating on shares of Haynes International in a report on Thursday, March 14th. Finally, StockNews.com assumed coverage on shares of Haynes International in a report on Monday. They set a "hold" rating on the stock.

Haynes International Stock Performance

Shares of NASDAQ:HAYN traded up $0.03 on Friday, hitting $59.25. 76,890 shares of the company were exchanged, compared to its average volume of 206,749. The company has a current ratio of 7.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.25. The stock's 50 day moving average price is $59.97 and its 200 day moving average price is $56.01. Haynes International has a 1-year low of $41.15 and a 1-year high of $60.86. The firm has a market capitalization of $757.22 million, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 0.86 and a beta of 1.42.

Haynes International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.88 annualized dividend and a yield of 1.49%. Haynes International's payout ratio is presently 29.73%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Haynes International in the 1st quarter worth approximately $7,070,000. Gabelli Funds LLC acquired a new stake in shares of Haynes International in the first quarter worth $8,325,000. Russell Investments Group Ltd. raised its holdings in shares of Haynes International by 16.9% during the first quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company's stock worth $1,915,000 after purchasing an additional 4,605 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Haynes International during the first quarter worth $114,000. Finally, BNP Paribas Financial Markets lifted its position in Haynes International by 67.1% during the first quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company's stock valued at $375,000 after purchasing an additional 2,504 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

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.

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