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

Haynes International, Inc. (NASDAQ:HAYN) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 619,800 shares, a growth of 55.6% from the October 15th total of 398,300 shares. Currently, 5.0% of the shares of the company are sold short. Based on an average daily volume of 119,300 shares, the short-interest ratio is currently 5.2 days.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Haynes International in a report on Saturday, October 12th. They issued a “hold” rating on the stock.

Haynes International Trading Up 0.5 %

NASDAQ HAYN opened at $60.93 on Friday. 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 firm’s fifty day moving average price is $59.84 and its 200 day moving average price is $59.46. The company has a market capitalization of $778.69 million, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 0.74 and a beta of 1.39. Haynes International has a 12 month low of $47.69 and a 12 month high of $60.96.

Haynes International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, August 30th. Haynes International’s dividend payout ratio (DPR) is presently 30.24%.

Insider Activity at Haynes International

In other news, CFO Daniel W. Maudlin sold 6,744 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $59.66, for a total transaction of $402,347.04. Following the completion of the sale, the chief financial officer now owns 30,287 shares of the company’s stock, valued at $1,806,922.42. The trade was a 18.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is currently owned by insiders.

Institutional Trading of Haynes International

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of Haynes International by 8.6% in the third quarter. BNP Paribas Financial Markets now owns 2,775 shares of the basic materials company’s stock valued at $165,000 after buying an additional 220 shares during the last quarter. Rhumbline Advisers increased its position in Haynes International by 3.2% during the second quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock worth $2,347,000 after purchasing an additional 1,245 shares during the last quarter. SG Americas Securities LLC acquired a new position in Haynes International during the first quarter worth approximately $114,000. Bank of New York Mellon Corp increased its position in Haynes International by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 160,923 shares of the basic materials company’s stock worth $9,446,000 after purchasing an additional 4,153 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in 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. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.