Short Interest in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Grows By 28.1%

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

Institutional Investors Weigh In On Commercial Vehicle Group

Several hedge funds have recently made changes to their positions in CVGI. Pinnacle Holdings LLC acquired a new position in shares of Commercial Vehicle Group in the fourth quarter valued at approximately $26,000. Sei Investments Co. acquired a new position in Commercial Vehicle Group in the 4th quarter valued at $27,000. Ethic Inc. purchased a new position in Commercial Vehicle Group during the 4th quarter worth $31,000. Intech Investment Management LLC acquired a new stake in shares of Commercial Vehicle Group in the 4th quarter worth $38,000. Finally, Granite Investment Partners LLC acquired a new stake in shares of Commercial Vehicle Group in the 4th quarter worth $42,000. Institutional investors and hedge funds own 72.32% of the company’s stock.

Commercial Vehicle Group Stock Down 1.0 %

Shares of NASDAQ CVGI traded down $0.02 during mid-day trading on Monday, reaching $1.55. The company had a trading volume of 226,946 shares, compared to its average volume of 219,051. The firm has a 50 day simple moving average of $2.05 and a two-hundred day simple moving average of $2.55. Commercial Vehicle Group has a 52-week low of $1.49 and a 52-week high of $6.64. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The stock has a market cap of $53.47 million, a P/E ratio of 1.53, a PEG ratio of 0.43 and a beta of 2.39.

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

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.