Cooper-Standard Holdings Inc. (NYSE:CPS – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 1,240,000 shares, a growth of 10.7% from the May 31st total of 1,120,000 shares. Approximately 7.4% of the company’s stock are short sold. Based on an average daily trading volume, of 115,200 shares, the days-to-cover ratio is currently 10.8 days.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th.
Check Out Our Latest Stock Analysis on Cooper-Standard
Cooper-Standard Stock Up 1.5 %
Cooper-Standard (NYSE:CPS – Get Free Report) last released its quarterly earnings results on Monday, May 6th. The auto parts company reported ($1.75) EPS for the quarter. The business had revenue of $676.43 million for the quarter.
Institutional Investors Weigh In On Cooper-Standard
A number of institutional investors have recently made changes to their positions in CPS. Janney Montgomery Scott LLC purchased a new stake in shares of Cooper-Standard in the 3rd quarter valued at $156,000. Trexquant Investment LP raised its holdings in Cooper-Standard by 119.6% during the 3rd quarter. Trexquant Investment LP now owns 48,199 shares of the auto parts company’s stock valued at $647,000 after buying an additional 26,246 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Cooper-Standard by 319.6% during the 3rd quarter. GSA Capital Partners LLP now owns 70,602 shares of the auto parts company’s stock valued at $947,000 after buying an additional 53,774 shares during the last quarter. SG Americas Securities LLC bought a new stake in Cooper-Standard during the 4th quarter valued at $269,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Cooper-Standard by 61.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 84,067 shares of the auto parts company’s stock valued at $1,643,000 after buying an additional 31,855 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.
About Cooper-Standard
Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.
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