Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Short Interest Down 6.0% in October

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 720,000 shares, a decrease of 6.0% from the October 15th total of 765,600 shares. Based on an average daily trading volume, of 179,100 shares, the short-interest ratio is currently 4.0 days. Approximately 2.4% of the company’s stock are short sold.

Insider Buying and Selling

In other Commercial Vehicle Group news, Director Roger L. Fix sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $9.21, for a total value of $82,890.00. Following the completion of the sale, the director now directly owns 145,595 shares of the company’s stock, valued at $1,340,929.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Commercial Vehicle Group news, Director Roger L. Fix sold 9,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $9.21, for a total transaction of $82,890.00. Following the transaction, the director now directly owns 145,595 shares in the company, valued at $1,340,929.95. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Chung Kin Cheung purchased 4,000 shares of Commercial Vehicle Group stock in a transaction on Friday, September 15th. The stock was bought at an average cost of $7.85 per share, with a total value of $31,400.00. Following the transaction, the chief financial officer now directly owns 100,920 shares of the company’s stock, valued at $792,222. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 9,869 shares of company stock worth $89,998. Insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On Commercial Vehicle Group

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Commercial Vehicle Group by 336.2% in the 2nd quarter. BlackRock Inc. now owns 2,162,503 shares of the company’s stock valued at $24,004,000 after purchasing an additional 1,666,757 shares during the period. Millennium Management LLC acquired a new position in Commercial Vehicle Group during the second quarter worth $2,307,000. Franklin Resources Inc. bought a new position in shares of Commercial Vehicle Group during the first quarter valued at $2,736,000. State Street Corp boosted its stake in shares of Commercial Vehicle Group by 301.0% in the 2nd quarter. State Street Corp now owns 493,660 shares of the company’s stock valued at $5,480,000 after purchasing an additional 370,550 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Commercial Vehicle Group by 355.9% in the 2nd quarter. Acadian Asset Management LLC now owns 472,120 shares of the company’s stock worth $5,239,000 after purchasing an additional 368,567 shares during the last quarter. Institutional investors own 70.51% of the company’s stock.

Commercial Vehicle Group Price Performance

Shares of CVGI remained flat at $6.35 on Friday. The stock had a trading volume of 197,409 shares, compared to its average volume of 235,809. The stock’s 50 day moving average is $7.14 and its 200-day moving average is $8.97. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 2.06. The firm has a market cap of $214.04 million, a price-to-earnings ratio of -31.75, a price-to-earnings-growth ratio of 0.30 and a beta of 2.91. Commercial Vehicle Group has a 1-year low of $5.48 and a 1-year high of $11.96.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CVGI. Barrington Research reissued an “outperform” rating and issued a $13.00 price objective on shares of Commercial Vehicle Group in a research report on Monday, August 7th. StockNews.com upgraded shares of Commercial Vehicle Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, TheStreet downgraded shares of Commercial Vehicle Group from a “c” rating to a “d+” rating in a report on Thursday, November 2nd.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.