Superior Industries International, Inc. (NYSE:SUP) Sees Significant Growth in Short Interest

Superior Industries International, Inc. (NYSE:SUP - Get Free Report) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 187,100 shares, an increase of 46.1% from the February 28th total of 128,100 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 97,300 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of Superior Industries International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Heron Bay Capital Management purchased a new position in Superior Industries International in the fourth quarter worth approximately $85,000. Jane Street Group LLC acquired a new position in shares of Superior Industries International in the 4th quarter valued at $88,000. Sandia Investment Management LP purchased a new position in shares of Superior Industries International during the 4th quarter worth $153,000. Proficio Capital Partners LLC acquired a new stake in shares of Superior Industries International during the 4th quarter worth about $153,000. Finally, Rangeley Capital LLC purchased a new stake in Superior Industries International in the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 56.20% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Superior Industries International from a "hold" rating to a "buy" rating in a research report on Saturday, March 15th.

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Superior Industries International Stock Down 1.4 %

SUP traded down $0.03 during trading on Tuesday, reaching $2.10. The company's stock had a trading volume of 62,321 shares, compared to its average volume of 87,670. The firm has a fifty day simple moving average of $2.05 and a two-hundred day simple moving average of $2.34. The company has a market cap of $60.69 million, a price-to-earnings ratio of -0.53 and a beta of 3.47. Superior Industries International has a 1 year low of $1.50 and a 1 year high of $4.57.

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.