The Shyft Group, Inc. (NASDAQ:SHYF) Short Interest Up 23.6% in March

21 Apr 2025, 15:40 by Scott Moore · The Cerbat Gem

The Shyft Group, Inc. (NASDAQ:SHYF – Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 448,100 shares, an increase of 23.6% from the March 15th total of 362,600 shares. Based on an average trading volume of 254,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.4% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, DA Davidson upgraded shares of The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, January 15th.

Get Our Latest Research Report on SHYF

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in shares of The Shyft Group by 301.4% in the third quarter. FMR LLC now owns 7,726 shares of the company’s stock valued at $97,000 after acquiring an additional 5,801 shares during the period. State Street Corp lifted its position in The Shyft Group by 0.8% during the 3rd quarter. State Street Corp now owns 706,780 shares of the company’s stock valued at $8,870,000 after acquiring an additional 5,682 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of The Shyft Group by 1,062.8% during the third quarter. Public Employees Retirement System of Ohio now owns 18,477 shares of the company’s stock valued at $232,000 after purchasing an additional 16,888 shares in the last quarter. Barclays PLC lifted its holdings in shares of The Shyft Group by 257.9% during the third quarter. Barclays PLC now owns 45,666 shares of the company’s stock valued at $573,000 after purchasing an additional 32,906 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in The Shyft Group by 1.3% in the third quarter. Geode Capital Management LLC now owns 773,150 shares of the company’s stock worth $9,705,000 after acquiring an additional 9,588 shares in the last quarter. Institutional investors own 85.84% of the company’s stock.

The Shyft Group Price Performance

Shares of NASDAQ SHYF traded down $0.34 during midday trading on Monday, hitting $7.05. 216,712 shares of the company’s stock were exchanged, compared to its average volume of 290,165. The business’s fifty day moving average price is $9.31 and its two-hundred day moving average price is $11.41. The company has a market cap of $246.27 million, a price-to-earnings ratio of -78.32 and a beta of 1.83. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The Shyft Group has a 12-month low of $6.94 and a 12-month high of $17.56.

The Shyft Group (NASDAQ:SHYF – Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.09). The Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. The company had revenue of $201.43 million during the quarter, compared to analysts’ expectations of $211.90 million. As a group, research analysts forecast that The Shyft Group will post 0.68 EPS for the current fiscal year.

The Shyft Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.84%. The Shyft Group’s dividend payout ratio (DPR) is currently -222.22%.

About The Shyft Group

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