Synalloy Co. (NASDAQ:SYNL) was the target of a large drop in short interest in January. As of January 29th, there was short interest totalling 16,000 shares, a drop of 49.4% from the January 14th total of 31,600 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 43,000 shares, the short-interest ratio is currently 0.4 days.
In other news, Director John P. Schauerman purchased 16,600 shares of the business’s stock in a transaction on Thursday, December 10th. The shares were bought at an average price of $6.50 per share, with a total value of $107,900.00. Also, insider Privet Fund Management Llc purchased 7,180 shares of the business’s stock in a transaction on Monday, November 16th. The shares were purchased at an average cost of $5.62 per share, for a total transaction of $40,351.60. The disclosure for this purchase can be found
