Superior Industries International, Inc. (NYSE:SUP) Sees Significant Decrease in Short Interest

Superior Industries International, Inc. (NYSE:SUP) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 55,700 shares, a drop of 23.9% from the August 15th total of 73,200 shares. Based on an average daily volume of 85,300 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Superior Industries International from a “buy” rating to a “hold” rating in a research note on Saturday, August 17th.

Institutional Investors Weigh In On Superior Industries International

A number of hedge funds have recently added to or reduced their stakes in the company. Privium Fund Management UK Ltd bought a new position in shares of Superior Industries International in the first quarter valued at $45,000. Pinnacle Holdings LLC boosted its stake in Superior Industries International by 4.6% during the 4th quarter. Pinnacle Holdings LLC now owns 171,887 shares of the auto parts company’s stock valued at $550,000 after purchasing an additional 7,605 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in Superior Industries International by 1.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 789,946 shares of the auto parts company’s stock worth $2,291,000 after purchasing an additional 11,923 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Superior Industries International by 818.9% in the second quarter. Squarepoint Ops LLC now owns 782,531 shares of the auto parts company’s stock worth $2,645,000 after purchasing an additional 697,367 shares during the last quarter. Finally, Mill Road Capital Management LLC lifted its holdings in shares of Superior Industries International by 0.7% in the fourth quarter. Mill Road Capital Management LLC now owns 4,380,940 shares of the auto parts company’s stock valued at $14,019,000 after purchasing an additional 32,300 shares in the last quarter. Institutional investors and hedge funds own 56.20% of the company’s stock.

Superior Industries International Price Performance

Shares of Superior Industries International stock opened at $2.93 on Monday. The firm has a market cap of $83.80 million, a price-to-earnings ratio of -0.51 and a beta of 3.49. The stock’s 50-day moving average is $3.25 and its 200 day moving average is $3.37. Superior Industries International has a one year low of $2.10 and a one year high of $4.57.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings results on Thursday, August 8th. The auto parts company reported ($0.46) EPS for the quarter. The business had revenue of $319.00 million for the quarter, compared to analyst estimates of $365.15 million.

Superior Industries International Company Profile

Superior Industries International, Inc, together with its subsidiaries, designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.