Vishay Precision Group, Inc. (NYSE:VPG) Short Interest Down 17.2% in October

Vishay Precision Group, Inc. (NYSE:VPG) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 147,000 shares, a drop of 17.2% from the October 15th total of 177,500 shares. Based on an average daily trading volume, of 76,400 shares, the short-interest ratio is presently 1.9 days. Approximately 1.3% of the shares of the company are short sold.

Institutional Trading of Vishay Precision Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in Vishay Precision Group during the 3rd quarter valued at about $51,000. Quest Partners LLC purchased a new position in Vishay Precision Group during the third quarter valued at approximately $66,000. EntryPoint Capital LLC increased its holdings in Vishay Precision Group by 34.2% during the 1st quarter. EntryPoint Capital LLC now owns 4,111 shares of the scientific and technical instruments company’s stock worth $145,000 after acquiring an additional 1,048 shares during the period. SG Americas Securities LLC purchased a new stake in Vishay Precision Group in the 3rd quarter worth approximately $146,000. Finally, Kovack Advisors Inc. bought a new position in Vishay Precision Group in the 3rd quarter valued at $218,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Price Performance

NYSE VPG opened at $21.43 on Friday. The company has a quick ratio of 2.80, a current ratio of 4.41 and a debt-to-equity ratio of 0.09. The company has a market cap of $284.16 million, a PE ratio of 21.65 and a beta of 1.17. Vishay Precision Group has a 52 week low of $21.11 and a 52 week high of $35.98. The firm’s 50-day simple moving average is $23.84 and its two-hundred day simple moving average is $28.44.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Vishay Precision Group had a net margin of 4.13% and a return on equity of 6.24%. The company had revenue of $75.73 million for the quarter, compared to analysts’ expectations of $73.47 million. During the same period in the prior year, the company posted $0.47 EPS. Research analysts predict that Vishay Precision Group will post 1.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

VPG has been the topic of a number of research analyst reports. StockNews.com cut shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. B. Riley dropped their price objective on Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th.

About Vishay Precision Group

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.