Short Interest in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Grows By 6.4%

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 183,700 shares, a growth of 6.4% from the October 31st total of 172,700 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily volume of 36,100 shares, the short-interest ratio is currently 5.1 days.

Insiders Place Their Bets

In related news, CFO John P. Zimmer sold 7,600 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $17.78, for a total value of $135,128.00. Following the completion of the sale, the chief financial officer now directly owns 107,959 shares in the company, valued at $1,919,511.02. This represents a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 9,291 shares of company stock worth $165,666 over the last three months. Insiders own 13.10% of the company’s stock.

Institutional Trading of Core Molding Technologies

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Core Molding Technologies by 12.8% during the first quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock valued at $8,229,000 after acquiring an additional 49,501 shares during the last quarter. Tieton Capital Management LLC lifted its position in Core Molding Technologies by 58.9% during the third quarter. Tieton Capital Management LLC now owns 282,036 shares of the industrial products company’s stock valued at $4,854,000 after purchasing an additional 104,515 shares during the period. American Century Companies Inc. raised its position in shares of Core Molding Technologies by 19.1% in the second quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock worth $2,821,000 after acquiring an additional 28,376 shares during the period. Geode Capital Management LLC raised its position in shares of Core Molding Technologies by 1.6% in the third quarter. Geode Capital Management LLC now owns 174,999 shares of the industrial products company’s stock worth $3,012,000 after acquiring an additional 2,737 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Core Molding Technologies by 9.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company’s stock worth $2,681,000 after acquiring an additional 14,181 shares during the period. Hedge funds and other institutional investors own 58.79% of the company’s stock.

Core Molding Technologies Stock Down 0.1 %

NYSEAMERICAN CMT opened at $17.05 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 0.14. The firm has a market cap of $152.72 million, a PE ratio of 9.63 and a beta of 1.75. Core Molding Technologies has a 52-week low of $14.64 and a 52-week high of $21.00.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. The business had revenue of $72.99 million during the quarter, compared to the consensus estimate of $71.57 million. On average, analysts anticipate that Core Molding Technologies will post 1.64 earnings per share for the current year.

About Core Molding Technologies

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.