Short Interest in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Expands By 20.0%

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 765,300 shares, an increase of 20.0% from the November 30th total of 637,500 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 271,700 shares, the short-interest ratio is presently 2.8 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th.

Insider Buying and Selling at Commercial Vehicle Group

In other news, Director Wayne M. Rancourt purchased 15,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were bought at an average price of $2.58 per share, with a total value of $38,700.00. Following the completion of the transaction, the director now directly owns 157,783 shares in the company, valued at $407,080.14. This trade represents a 10.51 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Commercial Vehicle Group

Several hedge funds have recently made changes to their positions in CVGI. Allspring Global Investments Holdings LLC acquired a new position in Commercial Vehicle Group in the 2nd quarter valued at approximately $47,000. SG Americas Securities LLC acquired a new stake in shares of Commercial Vehicle Group in the 3rd quarter valued at $47,000. Victory Capital Management Inc. bought a new stake in Commercial Vehicle Group during the second quarter worth about $76,000. BNP Paribas Financial Markets increased its holdings in Commercial Vehicle Group by 129.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 43,869 shares of the company’s stock valued at $143,000 after purchasing an additional 24,786 shares in the last quarter. Finally, Barclays PLC boosted its stake in Commercial Vehicle Group by 283.2% in the third quarter. Barclays PLC now owns 44,156 shares of the company’s stock worth $143,000 after purchasing an additional 32,633 shares in the last quarter. Institutional investors own 72.32% of the company’s stock.

Commercial Vehicle Group Stock Performance

CVGI stock traded up $0.01 on Friday, reaching $2.34. 613,834 shares of the company were exchanged, compared to its average volume of 175,896. The stock’s fifty day moving average price is $2.54 and its 200 day moving average price is $3.54. Commercial Vehicle Group has a 12 month low of $2.08 and a 12 month high of $7.21. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 1.43. The firm has a market capitalization of $80.73 million, a PE ratio of 2.29, a PEG ratio of 1.05 and a beta of 2.39.

Commercial Vehicle Group Company Profile

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.