Cooper-Standard Holdings Inc. (NYSE:CPS) Short Interest Update

Cooper-Standard Holdings Inc. (NYSE:CPSGet Rating) saw a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 1,440,000 shares, an increase of 18.0% from the December 15th total of 1,220,000 shares. Based on an average daily volume of 181,500 shares, the short-interest ratio is currently 7.9 days. Approximately 8.6% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, assumed coverage on shares of Cooper-Standard in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Cooper-Standard Price Performance

Shares of Cooper-Standard stock opened at $12.50 on Friday. The stock has a market capitalization of $213.85 million, a P/E ratio of -0.93 and a beta of 2.39. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 5.58. The business’s fifty day moving average price is $8.39 and its 200 day moving average price is $7.59. Cooper-Standard has a twelve month low of $3.53 and a twelve month high of $23.00.

Cooper-Standard (NYSE:CPSGet Rating) last released its quarterly earnings data on Tuesday, November 1st. The auto parts company reported ($1.71) earnings per share for the quarter. The firm had revenue of $657.15 million during the quarter. Cooper-Standard had a negative net margin of 9.26% and a negative return on equity of 75.93%.

Institutional Investors Weigh In On Cooper-Standard

Large investors have recently made changes to their positions in the business. Panagora Asset Management Inc. acquired a new stake in Cooper-Standard in the 1st quarter valued at $179,000. Ergoteles LLC acquired a new position in Cooper-Standard during the 1st quarter worth approximately $1,293,000. Divisar Capital Management LLC boosted its holdings in Cooper-Standard by 52.1% in the 1st quarter. Divisar Capital Management LLC now owns 385,548 shares of the auto parts company’s stock worth $3,381,000 after acquiring an additional 132,115 shares during the period. Charles Schwab Investment Management Inc. grew its position in Cooper-Standard by 26.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 626,798 shares of the auto parts company’s stock valued at $5,498,000 after acquiring an additional 132,054 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Cooper-Standard during the first quarter valued at approximately $1,266,000. Institutional investors and hedge funds own 69.53% of the company’s stock.

About Cooper-Standard

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Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, and fluid transfer systems. The company's sealing systems include obstacle detection sensor systems, dynamic seals, variable extrusion systems, static seals, specialty sealing products, encapsulated glasses, stainless steel trims, FlushSeal systems, and textured surfaces with cloth appearance.

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