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

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 905,000 shares, an increase of 18.3% from the December 15th 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 shares of the company are sold short.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in shares of Commercial Vehicle Group by 54.3% in the fourth quarter. SG Americas Securities LLC now owns 22,180 shares of the company’s stock valued at $55,000 after acquiring an additional 7,803 shares during the period. JPMorgan Chase & Co. lifted its stake in Commercial Vehicle Group by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,333 shares of the company’s stock worth $235,000 after purchasing an additional 24,437 shares in the last quarter. Barclays PLC boosted its holdings in Commercial Vehicle Group by 283.2% in the 3rd quarter. Barclays PLC now owns 44,156 shares of the company’s stock valued at $143,000 after purchasing an additional 32,633 shares during the period. Geode Capital Management LLC grew its position in shares of 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 in the last quarter. Finally, State Street Corp increased its holdings in shares of Commercial Vehicle Group by 0.7% in the third quarter. State Street Corp now owns 644,880 shares of the company’s stock worth $2,096,000 after purchasing an additional 4,527 shares during the period. Hedge funds and other institutional investors own 72.32% of the company’s stock.

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 note on Tuesday, November 5th.

Commercial Vehicle Group Stock Performance

Shares of NASDAQ CVGI traded up $0.04 during mid-day 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 1 year low of $2.02 and a 1 year high of $6.97. The company has a market capitalization of $76.94 million, a price-to-earnings ratio of 2.19, a P/E/G 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.

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.