Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 8,000 shares, a decrease of 24.5% from the September 30th total of 10,600 shares. Based on an average daily volume of 8,500 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s stock are sold short.
A number of large investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL boosted its holdings in Core Molding Technologies by 8.0% in the third quarter. Gamco Investors INC. ET AL now owns 512,472 shares of the industrial products company’s stock worth $3,285,000 after purchasing an additional 37,811 shares in the last quarter. Teton Advisors Inc. boosted its holdings in Core Molding Technologies by 1.0% in the third quarter. Teton Advisors Inc. now owns 404,500 shares of the industrial products company’s stock worth $2,593,000 after purchasing an additional 4,000 shares in the last quarter. Essex Investment Management Co. LLC boosted its holdings in Core Molding Technologies by 28.4% in the third quarter. Essex Investment Management Co. LLC now owns 89,868 shares of the industrial products company’s stock worth $576,000 after purchasing an additional 19,867 shares in the last quarter. River & Mercantile Asset Management LLP bought a new stake in Core Molding Technologies in the second quarter worth $523,000. Finally, Vanguard Group Inc. boosted its holdings in Core Molding Technologies by 2.0% in the second quarter. Vanguard Group Inc. now owns 472,369 shares of the industrial products company’s stock worth $3,528,000 after purchasing an additional 9,112 shares in the last quarter.
Shares of NYSEAMERICAN:CMT opened at $3.40 on Thursday. Core Molding Technologies has a 1 year low of $3.10 and a 1 year high of $9.00.
Core Molding Technologies, Inc, together with its subsidiaries, manufactures sheet molding compound (SMC) and molder of thermoset and thermoplastic products. It specializes in large-format moldings and offers a range of fiberglass processes, including compression molding of SMC, glass mat thermoplastics, bulk molding compounds, and direct long-fiber thermoplastics; and spray-up, hand lay-up, resin transfer molding, structural foam and structural Web injection molding, reaction injection molding, and utilizing dicyclopentadiene technology.
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