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

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 905,000 shares, an increase of 18.3% from the December 31st total of 765,300 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average trading volume of 316,100 shares, the days-to-cover ratio is currently 2.9 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Commercial Vehicle Group Price Performance

CVGI traded down $0.09 on Friday, reaching $2.09. The stock had a trading volume of 350,750 shares, compared to its average volume of 293,259. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $72.10 million, a price-to-earnings ratio of 2.05, a price-to-earnings-growth ratio of 0.45 and a beta of 2.38. Commercial Vehicle Group has a fifty-two week low of $2.02 and a fifty-two week high of $6.97. The firm has a 50-day moving average of $2.29 and a 200-day moving average of $3.04.

Insider Activity

In other Commercial Vehicle Group news, Director Wayne M. Rancourt purchased 15,000 shares of the stock in a transaction dated Friday, November 8th. The stock was bought at an average price of $2.58 per share, with a total value of $38,700.00. Following the acquisition, the director now owns 157,783 shares of the company’s stock, valued at approximately $407,080.14. This represents a 10.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its holdings in shares of Commercial Vehicle Group by 5.9% during the fourth quarter. Empowered Funds LLC now owns 105,246 shares of the company’s stock worth $261,000 after purchasing an additional 5,885 shares during the period. SG Americas Securities LLC raised its position in Commercial Vehicle Group by 54.3% during the 4th quarter. SG Americas Securities LLC now owns 22,180 shares of the company’s stock worth $55,000 after purchasing an additional 7,803 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 24,437 shares during the period. Barclays PLC grew its position in shares of Commercial Vehicle Group by 283.2% in the 3rd quarter. Barclays PLC now owns 44,156 shares of the company’s stock valued at $143,000 after buying an additional 32,633 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of 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 buying an additional 16,145 shares during the period. Institutional investors own 72.32% of the company’s stock.

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.