Short Interest in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Rises By 20.0%

Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 765,300 shares, a growth of 20.0% from the November 30th total of 637,500 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 271,700 shares, the days-to-cover ratio is currently 2.8 days.

Insiders Place Their Bets

In other news, Director Wayne M. Rancourt purchased 15,000 shares of the firm's stock in a transaction on Friday, November 8th. The stock was purchased at an average cost of $2.58 per share, with a total value of $38,700.00. Following the purchase, the director now owns 157,783 shares in the company, valued at $407,080.14. This trade represents a 10.51 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Commercial Vehicle Group

A number of institutional investors and hedge funds have recently modified their holdings of CVGI. SG Americas Securities LLC acquired a new stake in shares of Commercial Vehicle Group during the third quarter worth $47,000. Allspring Global Investments Holdings LLC purchased a new position in Commercial Vehicle Group in the 2nd quarter worth about $47,000. Victory Capital Management Inc. acquired a new stake in Commercial Vehicle Group during the 2nd quarter worth about $76,000. BNP Paribas Financial Markets lifted its stake in Commercial Vehicle Group by 129.9% during the third quarter. BNP Paribas Financial Markets now owns 43,869 shares of the company's stock valued at $143,000 after buying an additional 24,786 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Commercial Vehicle Group by 283.2% in the third quarter. Barclays PLC now owns 44,156 shares of the company's stock worth $143,000 after buying an additional 32,633 shares during the period. Institutional investors and hedge funds own 72.32% of the company's stock.

Commercial Vehicle Group Price Performance

CVGI stock traded up $0.01 on Friday, hitting $2.34. 613,834 shares of the company's stock traded hands, compared to its average volume of 175,896. The stock has a market cap of $80.73 million, a price-to-earnings ratio of 2.29, a P/E/G ratio of 1.05 and a beta of 2.39. Commercial Vehicle Group has a 1-year low of $2.08 and a 1-year high of $7.21. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average of $2.54 and a 200-day moving average of $3.54.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Commercial Vehicle Group from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th.

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.