Short Interest in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Rises By 18.3%

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 905,000 shares, a growth of 18.3% from the December 15th total of 765,300 shares. Based on an average daily trading volume, of 316,100 shares, the days-to-cover ratio is presently 2.9 days. Currently, 3.1% of the shares of the stock are short sold.

Insider Activity

In other Commercial Vehicle Group news, Director Wayne M. Rancourt purchased 15,000 shares of Commercial Vehicle Group stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of $2.58 per share, with a total value of $38,700.00. Following the acquisition, the director now directly owns 157,783 shares of the company’s stock, valued at $407,080.14. This represents a 10.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Commercial Vehicle Group

Hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC grew its position in shares of Commercial Vehicle Group by 79.0% in the third quarter. Private Advisor Group LLC now owns 220,051 shares of the company’s stock valued at $715,000 after purchasing an additional 97,091 shares during the period. Geode Capital Management LLC boosted its holdings in Commercial Vehicle Group by 2.3% in the third quarter. Geode Capital Management LLC now owns 704,325 shares of the company’s stock valued at $2,289,000 after acquiring an additional 16,145 shares during the last quarter. State Street Corp lifted its stake in shares of Commercial Vehicle Group by 0.7% during the third quarter. State Street Corp now owns 644,880 shares of the company’s stock worth $2,096,000 after purchasing an additional 4,527 shares in the last quarter. Barclays PLC lifted its stake in shares of Commercial Vehicle Group by 283.2% during the third quarter. Barclays PLC now owns 44,156 shares of the company’s stock worth $143,000 after purchasing an additional 32,633 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Commercial Vehicle Group by 9.1% during the second quarter. Rhumbline Advisers now owns 49,629 shares of the company’s stock worth $243,000 after purchasing an additional 4,130 shares in the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

Commercial Vehicle Group Price Performance

Commercial Vehicle Group stock traded up $0.04 during mid-day trading on Friday, hitting $2.23. 269,842 shares of the company were exchanged, compared to its average volume of 356,985. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 1.43. The business’s 50 day simple moving average is $2.34 and its two-hundred day simple moving average is $3.23. The company has a market capitalization of $76.94 million, a P/E ratio of 2.19, a PEG ratio of 0.44 and a beta of 2.38. Commercial Vehicle Group has a 12-month low of $2.02 and a 12-month high of $6.97.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.