Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Sees Large Growth in Short Interest

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

Insider Activity at Commercial Vehicle Group

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

Institutional Trading of Commercial Vehicle Group

A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Commercial Vehicle Group in the 3rd quarter valued at $47,000. Barclays PLC increased its position 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 valued at $143,000 after acquiring an additional 32,633 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Commercial Vehicle Group by 129.9% during the third quarter. BNP Paribas Financial Markets now owns 43,869 shares of the company’s stock worth $143,000 after acquiring an additional 24,786 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Commercial Vehicle Group by 51.0% during the third quarter. JPMorgan Chase & Co. now owns 72,333 shares of the company’s stock valued at $235,000 after purchasing an additional 24,437 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in Commercial Vehicle Group by 5.9% in the fourth quarter. Empowered Funds LLC now owns 105,246 shares of the company’s stock valued at $261,000 after purchasing an additional 5,885 shares in the last quarter. Institutional investors own 72.32% of the company’s stock.

Analysts Set New Price Targets

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

Commercial Vehicle Group Stock Down 4.1 %

Shares of NASDAQ:CVGI traded down $0.09 during midday trading on Friday, reaching $2.09. 350,750 shares of the company were exchanged, compared to its average volume of 293,259. The firm has a market cap of $72.10 million, a PE ratio of 2.05, a P/E/G ratio of 0.45 and a beta of 2.38. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 0.70. Commercial Vehicle Group has a fifty-two week low of $2.02 and a fifty-two week high of $6.97. The stock has a fifty day simple moving average of $2.29 and a two-hundred day simple moving average of $3.04.

About Commercial Vehicle Group

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.