Short Interest in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Expands By 18.3%

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 905,000 shares, a growth of 18.3% from the December 15th total of 765,300 shares. Currently, 3.1% of the shares of the stock are sold short. Based on an average daily volume of 316,100 shares, the days-to-cover ratio is presently 2.9 days.

Wall Street Analyst Weigh In

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 Trading Up 1.8 %

CVGI stock traded up $0.04 during midday trading on Friday, hitting $2.23. The company had a trading volume of 269,842 shares, compared to its average volume of 356,985. 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 has a 52 week low of $2.02 and a 52 week high of $6.97. The stock has a market cap of $76.94 million, a price-to-earnings ratio of 2.19, a PEG ratio of 0.44 and a beta of 2.38. The stock’s 50 day moving average price is $2.34 and its 200 day moving average price is $3.23.

Insider Transactions at Commercial Vehicle Group

In other Commercial Vehicle Group news, Director Wayne M. Rancourt purchased 15,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $2.58 per share, with a total value of $38,700.00. Following the completion of the purchase, the director now owns 157,783 shares of the company’s stock, valued at $407,080.14. The trade was a 10.51 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Commercial Vehicle Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVGI. SG Americas Securities LLC grew 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Commercial Vehicle Group by 51.0% during the third 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 period. Barclays PLC grew its stake in shares of Commercial Vehicle Group by 283.2% in the third 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. Geode Capital Management LLC increased its holdings in Commercial Vehicle Group by 2.3% during 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 period. Finally, State Street Corp raised its position in Commercial Vehicle Group by 0.7% during the 3rd quarter. State Street Corp now owns 644,880 shares of the company’s stock valued at $2,096,000 after purchasing an additional 4,527 shares during the last quarter. 72.32% of the stock is currently owned by 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.