Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Short Interest Update

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,130,000 shares, an increase of 28.1% from the February 13th total of 882,100 shares. Approximately 3.8% of the company’s shares are sold short. Based on an average daily volume of 356,900 shares, the short-interest ratio is presently 3.2 days.

Commercial Vehicle Group Trading Down 2.6 %

NASDAQ:CVGI opened at $1.52 on Wednesday. Commercial Vehicle Group has a 12 month low of $1.49 and a 12 month high of $6.64. The stock has a market cap of $52.44 million, a price-to-earnings ratio of 1.49, a P/E/G ratio of 0.43 and a beta of 2.39. The company has a 50-day moving average price of $2.02 and a 200-day moving average price of $2.52. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings results on Monday, March 10th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $163.29 million for the quarter, compared to analysts’ expectations of $158.37 million. Commercial Vehicle Group had a net margin of 3.98% and a return on equity of 5.17%. Equities analysts predict that Commercial Vehicle Group will post 0.11 EPS for the current year.

Institutional Trading of Commercial Vehicle Group

Several hedge funds have recently modified their holdings of CVGI. Geode Capital Management LLC raised its position in shares of Commercial Vehicle Group by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 704,325 shares of the company’s stock valued at $2,289,000 after purchasing an additional 16,145 shares during the last quarter. SG Americas Securities LLC increased its holdings in Commercial Vehicle Group by 54.3% in the 4th quarter. SG Americas Securities LLC now owns 22,180 shares of the company’s stock worth $55,000 after acquiring an additional 7,803 shares in the last quarter. State Street Corp boosted its stake in Commercial Vehicle Group by 0.7% during the 3rd 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 during the last quarter. Barclays PLC boosted its stake in Commercial Vehicle Group by 283.2% during the 3rd quarter. Barclays PLC now owns 44,156 shares of the company’s stock worth $143,000 after purchasing an additional 32,633 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Commercial Vehicle Group by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,333 shares of the company’s stock worth $235,000 after purchasing an additional 24,437 shares during the last quarter. 72.32% of the stock is owned by hedge funds and other institutional investors.

Commercial Vehicle Group Company Profile

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.