Titan International, Inc. (NYSE:TWI) Short Interest Up 19.5% in February

Titan International, Inc. (NYSE:TWI) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 4,160,000 shares, an increase of 19.5% from the January 31st total of 3,480,000 shares. Based on an average trading volume of 818,500 shares, the short-interest ratio is presently 5.1 days. Approximately 8.7% of the shares of the company are sold short.

Analysts Set New Price Targets

Several research firms have commented on TWI. StockNews.com raised Titan International from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. DA Davidson initiated coverage on Titan International in a research note on Friday, December 13th. They set a “buy” rating and a $11.00 target price for the company.

Titan International Stock Performance

Shares of TWI stock traded up $0.33 during trading hours on Friday, reaching $8.97. 371,012 shares of the company’s stock were exchanged, compared to its average volume of 752,047. The company has a market cap of $567.14 million, a P/E ratio of -74.88 and a beta of 1.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The company’s 50 day moving average is $8.01 and its two-hundred day moving average is $7.69. Titan International has a 1 year low of $6.34 and a 1 year high of $13.16.

Institutional Investors Weigh In On Titan International

A number of large investors have recently bought and sold shares of TWI. Victory Capital Management Inc. grew its holdings in Titan International by 31.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock valued at $13,083,000 after buying an additional 388,864 shares during the last quarter. Kennedy Capital Management LLC acquired a new stake in Titan International during the 4th quarter valued at $1,482,000. First Eagle Investment Management LLC acquired a new stake in Titan International during the 4th quarter valued at $1,211,000. Jane Street Group LLC grew its holdings in Titan International by 105.6% during the 4th quarter. Jane Street Group LLC now owns 313,415 shares of the industrial products company’s stock valued at $2,128,000 after buying an additional 160,975 shares during the last quarter. Finally, Villanova Investment Management Co LLC acquired a new stake in shares of Titan International during the third quarter worth $1,110,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.