Short Interest in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Rises By 10.4%

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 568,400 shares, a growth of 10.4% from the August 15th total of 514,800 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 156,500 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Trading of Commercial Vehicle Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Commercial Vehicle Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,681,449 shares of the company’s stock valued at $10,812,000 after acquiring an additional 48,443 shares in the last quarter. Huber Capital Management LLC raised its holdings in Commercial Vehicle Group by 9.3% in the first quarter. Huber Capital Management LLC now owns 749,163 shares of the company’s stock worth $4,817,000 after purchasing an additional 63,888 shares in the last quarter. American Century Companies Inc. raised its holdings in Commercial Vehicle Group by 13.2% in the second quarter. American Century Companies Inc. now owns 731,356 shares of the company’s stock worth $3,584,000 after purchasing an additional 85,102 shares in the last quarter. Franklin Resources Inc. raised its holdings in Commercial Vehicle Group by 6.2% in the fourth quarter. Franklin Resources Inc. now owns 426,554 shares of the company’s stock worth $2,990,000 after purchasing an additional 24,854 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in Commercial Vehicle Group in the fourth quarter worth about $2,753,000. 72.32% of the stock is currently owned by institutional investors.

Commercial Vehicle Group Trading Up 4.1 %

Shares of CVGI traded up $0.13 during trading hours on Wednesday, reaching $3.33. 206,688 shares of the company traded hands, compared to its average volume of 137,137. The firm has a market cap of $114.48 million, a price-to-earnings ratio of 2.53, a PEG ratio of 0.50 and a beta of 2.46. Commercial Vehicle Group has a 12-month low of $3.03 and a 12-month high of $8.18. The company has a current ratio of 2.06, a quick ratio of 1.27 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average price is $4.11 and its 200 day moving average price is $5.15.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Monday, August 5th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.11). The firm had revenue of $229.91 million during the quarter, compared to the consensus estimate of $237.69 million. Commercial Vehicle Group had a net margin of 3.42% and a return on equity of 10.07%. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Sell-side analysts forecast that Commercial Vehicle Group will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on CVGI shares. Barrington Research reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Commercial Vehicle Group in a research note on Monday, August 5th. StockNews.com raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd.

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.