Piper Sandler Companies (NYSE:PIPR) Short Interest Up 10.8% in May

Piper Sandler Companies (NYSE:PIPR) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totalling 514,800 shares, a growth of 10.8% from the May 14th total of 464,700 shares. Currently, 3.0% of the shares of the company are sold short. Based on an average daily trading volume, of 118,400 shares, the days-to-cover ratio is currently 4.3 days.

Separately, ValuEngine downgraded shares of Piper Sandler Companies from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd.

Piper Sandler Companies stock traded up $2.35 during midday trading on Friday, reaching $63.86. The stock had a trading volume of 89,345 shares, compared to its average volume of 106,114. Piper Sandler Companies has a 12 month low of $31.95 and a 12 month high of $87.45. The business has a 50-day moving average of $56.58. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 8.39 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.38 and a quick ratio of 0.27.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data on Friday, May 1st. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.23. Piper Sandler Companies had a return on equity of 14.01% and a net margin of 8.58%. The business had revenue of $240.38 million for the quarter, compared to analysts’ expectations of $245.30 million. On average, equities research analysts anticipate that Piper Sandler Companies will post 4.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Thursday, May 28th. Piper Sandler Companies’s dividend payout ratio is currently 10.87%.

Piper Sandler Companies Company Profile

Piper Sandler Companies operates as an investment bank and asset management firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company's Capital Markets segment offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.

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