Superior Industries International, Inc. (NYSE:SUP) Sees Large Drop in Short Interest

Superior Industries International, Inc. (NYSE:SUP - Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 55,700 shares, a decrease of 23.9% from the August 15th total of 73,200 shares. Based on an average daily trading volume, of 85,300 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company's stock are sold short.

Institutional Investors Weigh In On Superior Industries International

A number of hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC boosted its holdings in Superior Industries International by 818.9% during the second quarter. Squarepoint Ops LLC now owns 782,531 shares of the auto parts company's stock valued at $2,645,000 after acquiring an additional 697,367 shares during the period. Essex Investment Management Co. LLC lifted its stake in shares of Superior Industries International by 1.5% in the first quarter. Essex Investment Management Co. LLC now owns 789,946 shares of the auto parts company's stock valued at $2,291,000 after buying an additional 11,923 shares during the period. Privium Fund Management UK Ltd bought a new stake in shares of Superior Industries International in the first quarter valued at about $45,000. Pinnacle Holdings LLC lifted its stake in Superior Industries International by 4.6% during the fourth quarter. Pinnacle Holdings LLC now owns 171,887 shares of the auto parts company's stock worth $550,000 after purchasing an additional 7,605 shares during the period. Finally, Mill Road Capital Management LLC lifted its stake in Superior Industries International by 0.7% during the fourth quarter. Mill Road Capital Management LLC now owns 4,380,940 shares of the auto parts company's stock worth $14,019,000 after purchasing an additional 32,300 shares during the period. 56.20% of the stock is currently owned by institutional investors.

Superior Industries International Trading Up 1.7 %

Superior Industries International stock traded up $0.05 during mid-day trading on Friday, hitting $2.93. 49,414 shares of the company's stock were exchanged, compared to its average volume of 78,145. The stock has a market cap of $84.65 million, a P/E ratio of -0.51 and a beta of 3.49. Superior Industries International has a 1-year low of $2.10 and a 1-year high of $4.57. The stock has a 50 day moving average of $3.25 and a two-hundred day moving average of $3.37.

Superior Industries International (NYSE:SUP - Get Free Report) last posted its earnings results on Thursday, August 8th. The auto parts company reported ($0.46) EPS for the quarter. The business had revenue of $319.00 million for the quarter, compared to analysts' expectations of $365.15 million.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Superior Industries International from a "buy" rating to a "hold" rating in a research report on Saturday, August 17th.

About Superior Industries International

Superior Industries International, Inc, together with its subsidiaries, designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.