Short Interest in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Rises By 28.1%

Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,130,000 shares, a growth of 28.1% from the February 13th total of 882,100 shares. Approximately 3.8% of the shares of the stock are sold short. Based on an average daily volume of 356,900 shares, the days-to-cover ratio is presently 3.2 days.

Hedge Funds Weigh In On Commercial Vehicle Group

A number of hedge funds have recently made changes to their positions in the company. Royce & Associates LP raised its holdings in shares of Commercial Vehicle Group by 4.3% during the fourth quarter. Royce & Associates LP now owns 2,253,611 shares of the company's stock valued at $5,589,000 after acquiring an additional 93,805 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Commercial Vehicle Group by 14.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,978,959 shares of the company's stock valued at $4,908,000 after acquiring an additional 254,364 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Commercial Vehicle Group by 2.5% during the fourth quarter. American Century Companies Inc. now owns 860,761 shares of the company's stock valued at $2,135,000 after acquiring an additional 21,018 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Commercial Vehicle Group by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 726,227 shares of the company's stock valued at $1,801,000 after acquiring an additional 21,902 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Commercial Vehicle Group by 0.7% during the third quarter. State Street Corp now owns 644,880 shares of the company's stock valued at $2,096,000 after acquiring an additional 4,527 shares during the last quarter. Institutional investors and hedge funds own 72.32% of the company's stock.

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Commercial Vehicle Group Price Performance

NASDAQ CVGI traded down $0.04 during trading hours on Tuesday, reaching $1.52. The company's stock had a trading volume of 534,292 shares, compared to its average volume of 221,684. The firm has a market capitalization of $52.44 million, a price-to-earnings ratio of 1.49, a P/E/G ratio of 0.43 and a beta of 2.39. Commercial Vehicle Group has a 1-year low of $1.49 and a 1-year high of $6.64. 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 company's 50-day moving average is $2.02 and its two-hundred day moving average is $2.52.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). Commercial Vehicle Group had a return on equity of 5.17% and a net margin of 3.98%. The business had revenue of $163.29 million during the quarter, compared to analyst estimates of $158.37 million. On average, equities analysts predict that Commercial Vehicle Group will post 0.11 EPS for the current year.

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.