Stoneridge, Inc. (NYSE:SRI) Short Interest Down 18.9% in March

Stoneridge, Inc. (NYSE:SRI - Get Free Report) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 365,300 shares, a decline of 18.9% from the February 28th total of 450,500 shares. Based on an average trading volume of 381,600 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.4% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SRI. StockNews.com upgraded Stoneridge from a "hold" rating to a "buy" rating in a research report on Saturday, March 29th. Barrington Research reiterated an "outperform" rating and set a $16.00 price target on shares of Stoneridge in a report on Tuesday, March 4th.

Stoneridge Trading Down 3.0 %

SRI traded down $0.13 during trading on Friday, hitting $4.09. The company's stock had a trading volume of 396,351 shares, compared to its average volume of 258,783. Stoneridge has a twelve month low of $3.65 and a twelve month high of $18.40. The stock has a market cap of $113.13 million, a PE ratio of -15.13 and a beta of 1.27. The firm's 50 day moving average price is $4.84 and its 200-day moving average price is $6.72. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40.

Stoneridge (NYSE:SRI - Get Free Report) last released its earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.36). Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. The business had revenue of $218.20 million during the quarter, compared to analyst estimates of $207.61 million. On average, analysts expect that Stoneridge will post -0.42 earnings per share for the current year.

Institutional Investors Weigh In On Stoneridge

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in Stoneridge by 119.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 39,324 shares of the auto parts company's stock worth $247,000 after purchasing an additional 21,388 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of Stoneridge during the 4th quarter worth $392,000. Squarepoint Ops LLC raised its position in shares of Stoneridge by 244.5% in the 4th quarter. Squarepoint Ops LLC now owns 44,071 shares of the auto parts company's stock worth $276,000 after buying an additional 31,278 shares during the period. Two Sigma Advisers LP acquired a new position in Stoneridge in the fourth quarter valued at $165,000. Finally, Two Sigma Investments LP acquired a new position in Stoneridge in the fourth quarter valued at $698,000. 98.07% of the stock is owned by institutional investors and hedge funds.

About Stoneridge

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.