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

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) was the target of a large 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. Currently, 3.8% of the shares of the stock are sold short. Based on an average daily volume of 356,900 shares, the short-interest ratio is presently 3.2 days.

Hedge Funds Weigh In On Commercial Vehicle Group

Large investors have recently modified their holdings of the business. Pinnacle Holdings LLC bought a new position in shares of Commercial Vehicle Group during the fourth quarter valued at $26,000. Sei Investments Co. bought a new position in Commercial Vehicle Group during the fourth quarter worth $27,000. Ethic Inc. acquired a new position in Commercial Vehicle Group in the fourth quarter valued at $31,000. Intech Investment Management LLC acquired a new position in Commercial Vehicle Group in the fourth quarter valued at $38,000. Finally, Granite Investment Partners LLC acquired a new position in Commercial Vehicle Group in the fourth quarter valued at $42,000. Institutional investors own 72.32% of the company’s stock.

Commercial Vehicle Group Trading Down 2.6 %

Shares of CVGI stock traded down $0.04 during trading hours on Tuesday, hitting $1.52. 534,291 shares of the company’s stock traded hands, compared to its average volume of 221,267. The stock’s 50 day simple moving average is $2.04 and its 200 day simple moving average is $2.54. The stock has a market cap of $52.44 million, a PE ratio of 1.49, a price-to-earnings-growth ratio of 0.43 and a beta of 2.39. Commercial Vehicle Group has a 12 month low of $1.49 and a 12 month high of $6.64. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 0.70.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results 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). The business had revenue of $163.29 million for the quarter, compared to the consensus estimate of $158.37 million. Commercial Vehicle Group had a net margin of 3.98% and a return on equity of 5.17%. On average, sell-side analysts anticipate that Commercial Vehicle Group will post 0.11 EPS 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.