Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Short Interest Update

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,130,000 shares, an increase of 28.1% from the February 13th total of 882,100 shares. Based on an average trading volume of 356,900 shares, the short-interest ratio is currently 3.2 days. Approximately 3.8% of the company’s shares are short sold.

Commercial Vehicle Group Trading Down 1.0 %

Shares of CVGI stock traded down $0.02 during trading hours on Monday, hitting $1.55. The company had a trading volume of 226,946 shares, compared to its average volume of 219,051. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 1.43. The stock has a market capitalization of $53.47 million, a PE ratio of 1.53, a price-to-earnings-growth ratio of 0.43 and a beta of 2.39. The company’s fifty day moving average is $2.05 and its 200 day moving average is $2.55. Commercial Vehicle Group has a fifty-two week low of $1.49 and a fifty-two week high of $6.64.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Monday, March 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $163.29 million for the quarter, compared to analyst estimates of $158.37 million. Commercial Vehicle Group had a return on equity of 5.17% and a net margin of 3.98%. Research analysts expect that Commercial Vehicle Group will post 0.11 earnings per share for the current fiscal year.

Institutional Trading of Commercial Vehicle Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wealthedge Investment Advisors LLC acquired a new position in shares of Commercial Vehicle Group in the fourth quarter valued at approximately $151,000. Squarepoint Ops LLC purchased a new stake in shares of Commercial Vehicle Group during the fourth quarter worth $47,000. Two Sigma Investments LP raised its stake in shares of Commercial Vehicle Group by 68.7% in the fourth quarter. Two Sigma Investments LP now owns 225,648 shares of the company’s stock valued at $560,000 after acquiring an additional 91,908 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in Commercial Vehicle Group in the fourth quarter valued at $79,000. Finally, Millennium Management LLC acquired a new position in Commercial Vehicle Group during the 4th quarter worth $297,000. 72.32% of the stock is currently owned by hedge funds and other institutional investors.

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.