Superior Industries International, Inc. (NYSE:SUP) Sees Large Increase in Short Interest

Superior Industries International, Inc. (NYSE:SUP - Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 121,100 shares, an increase of 115.9% from the December 31st total of 56,100 shares. Based on an average daily volume of 89,300 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.6% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Superior Industries International from a "buy" rating to a "hold" rating in a report on Saturday, November 16th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Superior Industries International stock. Squarepoint Ops LLC boosted its holdings in shares of Superior Industries International, Inc. (NYSE:SUP - Free Report) by 818.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 782,531 shares of the auto parts company's stock after acquiring an additional 697,367 shares during the period. Squarepoint Ops LLC owned about 2.74% of Superior Industries International worth $2,645,000 at the end of the most recent reporting period. Institutional investors own 56.20% of the company's stock.

Superior Industries International Stock Performance

NYSE:SUP traded up $0.16 during trading hours on Tuesday, hitting $1.94. The company's stock had a trading volume of 149,722 shares, compared to its average volume of 83,687. The business's 50-day moving average is $2.14 and its two-hundred day moving average is $2.69. The company has a market capitalization of $56.08 million, a PE ratio of -0.49 and a beta of 3.38. Superior Industries International has a 52-week low of $1.70 and a 52-week high of $4.57.

Superior Industries International (NYSE:SUP - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The auto parts company reported ($1.24) earnings per share (EPS) for the quarter. The business had revenue of $321.80 million during the quarter, compared to analysts' expectations of $348.95 million.

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.