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

Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report) was the recipient of a large growth in short interest in 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. Based on an average daily trading volume, of 356,900 shares, the days-to-cover ratio is presently 3.2 days. Approximately 3.8% of the shares of the stock are sold short.

Commercial Vehicle Group Price Performance

CVGI traded down $0.09 during trading on Friday, reaching $1.41. The company's stock had a trading volume of 538,270 shares, compared to its average volume of 224,529. The company has a market cap of $48.64 million, a price-to-earnings ratio of 1.38, a PEG ratio of 0.43 and a beta of 2.39. The firm has a fifty day simple moving average of $2.00 and a two-hundred day simple moving average of $2.51. Commercial Vehicle Group has a 1 year low of $1.41 and a 1 year high of $6.64. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 0.70.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The company reported ($0.15) EPS 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 company had revenue of $163.29 million for the quarter, compared to analysts' expectations of $158.37 million. As a group, analysts anticipate that Commercial Vehicle Group will post 0.11 EPS for the current year.

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Institutional Investors Weigh In On Commercial Vehicle Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pinnacle Holdings LLC purchased a new stake in shares of Commercial Vehicle Group in the 4th quarter valued at approximately $26,000. Sei Investments Co. acquired a new position in Commercial Vehicle Group in the fourth quarter valued at approximately $27,000. Ethic Inc. purchased a new position in Commercial Vehicle Group in the fourth quarter worth approximately $31,000. Intech Investment Management LLC purchased a new position in Commercial Vehicle Group in the fourth quarter worth approximately $38,000. Finally, Granite Investment Partners LLC acquired a new stake in Commercial Vehicle Group during the fourth quarter worth $42,000. 72.32% of the stock is currently owned by institutional investors and hedge funds.

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.