Haynes International, Inc. (NASDAQ:HAYN) Short Interest Update

Haynes International, Inc. (NASDAQ:HAYN) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 205,000 shares, an increase of 41.5% from the February 29th total of 144,900 shares. Based on an average trading volume of 185,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL boosted its holdings in shares of Haynes International by 94.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 12,000 shares of the basic materials company’s stock valued at $685,000 after acquiring an additional 5,820 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Haynes International by 352.9% during the fourth quarter. Russell Investments Group Ltd. now owns 27,240 shares of the basic materials company’s stock worth $1,554,000 after buying an additional 21,225 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in Haynes International by 2.4% during the fourth quarter. New York State Teachers Retirement System now owns 26,061 shares of the basic materials company’s stock worth $1,487,000 after buying an additional 600 shares in the last quarter. Tudor Investment Corp Et Al boosted its holdings in Haynes International by 132.5% during the third quarter. Tudor Investment Corp Et Al now owns 24,380 shares of the basic materials company’s stock worth $1,134,000 after buying an additional 13,893 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Haynes International by 484.2% during the third quarter. Covestor Ltd now owns 1,589 shares of the basic materials company’s stock worth $74,000 after buying an additional 1,317 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Noble Financial lowered shares of Haynes International from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 6th. Northcoast Research restated a “neutral” rating on shares of Haynes International in a research note on Thursday, March 14th. Finally, StockNews.com assumed coverage on shares of Haynes International in a research note on Tuesday, March 26th. They issued a “hold” rating on the stock.

Haynes International Stock Performance

Shares of NASDAQ:HAYN traded down $0.02 during trading hours on Friday, hitting $60.12. The stock had a trading volume of 334,212 shares, compared to its average volume of 223,415. The stock’s fifty day simple moving average is $58.76 and its 200 day simple moving average is $52.47. Haynes International has a 1-year low of $41.15 and a 1-year high of $60.27. The firm has a market capitalization of $768.33 million, a price-to-earnings ratio of 18.44, a PEG ratio of 0.70 and a beta of 1.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.69 and a current ratio of 7.62.

Haynes International (NASDAQ:HAYN) last posted its quarterly earnings data on Friday, February 9th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.10). The company had revenue of $147.36 million during the quarter, compared to the consensus estimate of $151.94 million. Haynes International had a net margin of 6.94% and a return on equity of 9.89%. During the same quarter last year, the business earned $0.61 earnings per share. Sell-side analysts anticipate that Haynes International will post 4.06 earnings per share for the current fiscal year.

Haynes International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, February 29th. Haynes International’s dividend payout ratio (DPR) is presently 26.99%.

About Haynes International

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.