Short Interest in Superior Industries International, Inc. (NYSE:SUP) Grows By 46.1%

Superior Industries International, Inc. (NYSE:SUP - Get Free Report) was the recipient of a significant increase in short interest in 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. Based on an average daily trading volume, of 97,300 shares, the short-interest ratio is presently 1.9 days. Approximately 0.9% of the shares of the stock are short sold.

Superior Industries International Stock Down 6.9 %

SUP stock traded down $0.15 during midday trading on Thursday, reaching $2.03. 86,129 shares of the company's stock traded hands, compared to its average volume of 85,460. The company has a 50-day simple moving average of $2.05 and a two-hundred day simple moving average of $2.33. Superior Industries International has a 1-year low of $1.50 and a 1-year high of $4.57. The company has a market cap of $58.67 million, a price-to-earnings ratio of -0.51 and a beta of 3.47.

Wall Street Analyst Weigh In

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

Institutional Trading of Superior Industries International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new stake in Superior Industries International during the 4th quarter worth about $153,000. Heron Bay Capital Management acquired a new position in shares of Superior Industries International during the fourth quarter worth approximately $85,000. Rangeley Capital LLC bought a new stake in shares of Superior Industries International during the fourth quarter valued at approximately $204,000. Nierenberg Investment Management Company Inc. increased its holdings in shares of Superior Industries International by 15.5% in the fourth quarter. Nierenberg Investment Management Company Inc. now owns 128,793 shares of the auto parts company's stock valued at $263,000 after purchasing an additional 17,238 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Superior Industries International in the 4th quarter worth approximately $88,000. 56.20% of the stock is currently owned by institutional investors and hedge funds.

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.