Ryerson Holding Co. (NYSE:RYI) Short Interest Down 14.7% in September

Ryerson Holding Co. (NYSE:RYI - Get Free Report) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 823,700 shares, a decline of 14.7% from the August 31st total of 966,200 shares. Based on an average daily volume of 399,200 shares, the short-interest ratio is presently 2.1 days. Currently, 2.9% of the shares of the stock are sold short.

Institutional Investors Weigh In On Ryerson

A number of institutional investors and hedge funds have recently made changes to their positions in RYI. Vanguard Group Inc. raised its holdings in Ryerson by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company's stock worth $79,757,000 after purchasing an additional 81,515 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Ryerson by 0.8% during the first quarter. William Blair Investment Management LLC now owns 865,464 shares of the basic materials company's stock worth $28,993,000 after buying an additional 6,883 shares during the last quarter. American Century Companies Inc. lifted its holdings in Ryerson by 14.2% in the second quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company's stock valued at $15,281,000 after buying an additional 97,556 shares during the period. Acadian Asset Management LLC boosted its stake in Ryerson by 3.4% in the first quarter. Acadian Asset Management LLC now owns 675,102 shares of the basic materials company's stock valued at $22,610,000 after acquiring an additional 22,069 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in Ryerson by 2.6% during the 1st quarter. Bridgeway Capital Management LLC now owns 509,845 shares of the basic materials company's stock worth $17,080,000 after acquiring an additional 12,775 shares during the period. Institutional investors own 94.81% of the company's stock.

Ryerson Price Performance

Shares of NYSE:RYI traded up $0.52 during trading on Friday, reaching $19.90. The stock had a trading volume of 252,187 shares, compared to its average volume of 367,903. The stock has a market capitalization of $660.68 million, a PE ratio of 7.71 and a beta of 1.56. Ryerson has a 52 week low of $17.57 and a 52 week high of $36.20. The business's 50-day moving average price is $20.04 and its 200 day moving average price is $23.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.38 and a quick ratio of 1.11.

Ryerson (NYSE:RYI - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.13. The business had revenue of $1.23 billion during the quarter. Ryerson had a return on equity of 7.27% and a net margin of 1.31%. During the same period in the prior year, the firm earned $1.06 earnings per share.

Ryerson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.188 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.78%. Ryerson's payout ratio is 29.07%.

About Ryerson

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.