Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Short Interest Down 10.7% in November

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 164,000 shares, a decline of 10.7% from the November 15th total of 183,700 shares. Approximately 2.1% of the company's shares are short sold. Based on an average trading volume of 36,200 shares, the days-to-cover ratio is currently 4.5 days.

Core Molding Technologies Trading Down 0.7 %

Shares of NYSEAMERICAN CMT traded down $0.12 during mid-day trading on Tuesday, reaching $15.97. 31,142 shares of the company's stock were exchanged, compared to its average volume of 43,413. Core Molding Technologies has a twelve month low of $14.64 and a twelve month high of $21.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.41 and a quick ratio of 1.98. The firm has a market cap of $143.09 million, a P/E ratio of 9.11 and a beta of 1.75.

Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.13. The firm had revenue of $72.99 million for the quarter, compared to analyst estimates of $71.57 million. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. Sell-side analysts anticipate that Core Molding Technologies will post 1.64 earnings per share for the current fiscal year.

Insider Transactions at Core Molding Technologies

In other news, CFO John P. Zimmer sold 7,600 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $17.78, for a total transaction of $135,128.00. Following the completion of the transaction, the chief financial officer now directly owns 107,959 shares in the company, valued at approximately $1,919,511.02. The trade was a 6.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David L. Duvall sold 2,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $16.55, for a total transaction of $33,100.00. Following the completion of the sale, the chief executive officer now owns 284,381 shares in the company, valued at $4,706,505.55. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,600 shares of company stock worth $184,698 over the last 90 days. 13.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in shares of Core Molding Technologies by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,724 shares of the industrial products company's stock worth $585,000 after acquiring an additional 1,856 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Core Molding Technologies by 9.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company's stock worth $2,681,000 after purchasing an additional 14,181 shares during the period. Rhumbline Advisers lifted its holdings in Core Molding Technologies by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company's stock worth $178,000 after purchasing an additional 866 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Core Molding Technologies by 34.9% in the 2nd quarter. Acadian Asset Management LLC now owns 63,876 shares of the industrial products company's stock valued at $1,017,000 after purchasing an additional 16,516 shares during the period. Finally, LSV Asset Management acquired a new position in Core Molding Technologies in the 2nd quarter valued at $36,000. 58.79% of the stock is owned by institutional investors and hedge funds.

Core Molding Technologies Company Profile

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.