Cooper-Standard Holdings Inc. (NYSE:CPS) Short Interest Up 8.6% in November

Cooper-Standard Holdings Inc. (NYSE:CPS) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 1,140,000 shares, an increase of 8.6% from the October 31st total of 1,050,000 shares. Based on an average daily trading volume, of 129,600 shares, the days-to-cover ratio is currently 8.8 days. Currently, 6.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On Cooper-Standard

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPS. Vanguard Group Inc. increased its holdings in shares of Cooper-Standard by 3.9% in the first quarter. Vanguard Group Inc. now owns 905,185 shares of the auto parts company’s stock worth $14,990,000 after acquiring an additional 33,598 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in shares of Cooper-Standard by 21.2% in the second quarter. Fiduciary Alliance LLC now owns 259,085 shares of the auto parts company’s stock worth $3,096,000 after acquiring an additional 45,402 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Cooper-Standard by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 99,427 shares of the auto parts company’s stock worth $1,237,000 after buying an additional 6,559 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of Cooper-Standard by 36.6% during the second quarter. Panagora Asset Management Inc. now owns 77,450 shares of the auto parts company’s stock worth $963,000 after buying an additional 20,758 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Cooper-Standard by 15.8% in the 2nd quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company’s stock valued at $340,000 after buying an additional 3,723 shares during the last quarter. Institutional investors own 69.11% of the company’s stock.

Cooper-Standard Stock Performance

Cooper-Standard stock traded up $0.06 on Wednesday, reaching $14.47. The company’s stock had a trading volume of 49,838 shares, compared to its average volume of 135,542. The company has a market cap of $250.77 million, a price-to-earnings ratio of -1.45 and a beta of 2.79. The business’s fifty day moving average price is $14.21 and its 200 day moving average price is $13.73. Cooper-Standard has a twelve month low of $11.24 and a twelve month high of $20.82.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported ($0.68) EPS for the quarter, topping analysts’ consensus estimates of ($1.18) by $0.50. The business had revenue of $685.35 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.