Short Interest in Stoneridge, Inc. (NYSE:SRI) Drops By 19.1%

Stoneridge, Inc. (NYSE:SRI - Get Free Report) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 185,100 shares, a drop of 19.1% from the December 15th total of 228,900 shares. Based on an average trading volume of 347,700 shares, the short-interest ratio is presently 0.5 days. Currently, 0.7% of the company's stock are short sold.

Institutional Trading of Stoneridge

Several large investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Stoneridge during the third quarter worth about $44,000. US Bancorp DE purchased a new position in Stoneridge during the 3rd quarter worth approximately $46,000. nVerses Capital LLC acquired a new stake in Stoneridge during the 3rd quarter valued at approximately $59,000. Olympiad Research LP acquired a new stake in Stoneridge during the 3rd quarter valued at approximately $121,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Stoneridge in the 3rd quarter valued at $139,000. Hedge funds and other institutional investors own 98.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SRI shares. StockNews.com lowered shares of Stoneridge from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Barrington Research restated an "outperform" rating and set a $16.00 target price on shares of Stoneridge in a research note on Thursday, October 31st.

Stoneridge Stock Up 0.5 %

Shares of SRI traded up $0.03 during mid-day trading on Thursday, hitting $5.83. 163,994 shares of the company traded hands, compared to its average volume of 203,379. The business has a 50 day moving average of $6.33 and a 200 day moving average of $10.53. The company has a market capitalization of $161.46 million, a PE ratio of -21.60 and a beta of 1.35. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.72. Stoneridge has a 1-year low of $5.23 and a 1-year high of $19.34.

Stoneridge (NYSE:SRI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.32). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The company had revenue of $213.80 million for the quarter, compared to analyst estimates of $229.60 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company's quarterly revenue was down 10.2% on a year-over-year basis. Equities research analysts anticipate that Stoneridge will post -0.42 EPS for the current year.

Stoneridge Company Profile

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.