Vishay Precision Group, Inc. (NYSE:VPG) Sees Large Growth in Short Interest

Vishay Precision Group, Inc. (NYSE:VPG - Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 243,800 shares, a growth of 17.7% from the February 13th total of 207,200 shares. Based on an average daily volume of 87,900 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.2% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VPG shares. B. Riley upgraded shares of Vishay Precision Group from a "neutral" rating to a "buy" rating and raised their target price for the stock from $24.50 to $28.50 in a research report on Thursday, February 13th. StockNews.com raised shares of Vishay Precision Group from a "hold" rating to a "buy" rating in a research note on Friday.

Vishay Precision Group Trading Up 1.7 %

NYSE:VPG traded up $0.39 during trading hours on Friday, reaching $22.91. 173,388 shares of the company were exchanged, compared to its average volume of 75,252. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.41 and a quick ratio of 2.80. The firm has a market cap of $303.72 million, a price-to-earnings ratio of 30.96 and a beta of 1.08. Vishay Precision Group has a 52-week low of $20.83 and a 52-week high of $35.52. The stock has a 50 day simple moving average of $23.34 and a 200 day simple moving average of $23.51.

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Vishay Precision Group (NYSE:VPG - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). Vishay Precision Group had a return on equity of 3.87% and a net margin of 3.23%. As a group, analysts predict that Vishay Precision Group will post 0.9 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VPG. Victory Capital Management Inc. grew its holdings in Vishay Precision Group by 2.5% during the 3rd quarter. Victory Capital Management Inc. now owns 72,248 shares of the scientific and technical instruments company's stock worth $1,871,000 after acquiring an additional 1,743 shares in the last quarter. Quest Partners LLC acquired a new position in Vishay Precision Group during the 3rd quarter worth $66,000. Foundry Partners LLC boosted its holdings in shares of Vishay Precision Group by 12.2% in the 3rd quarter. Foundry Partners LLC now owns 156,880 shares of the scientific and technical instruments company's stock valued at $4,063,000 after buying an additional 17,095 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Vishay Precision Group by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 34,912 shares of the scientific and technical instruments company's stock valued at $904,000 after buying an additional 972 shares during the period. Finally, Tieton Capital Management LLC boosted its holdings in shares of Vishay Precision Group by 228.8% in the 3rd quarter. Tieton Capital Management LLC now owns 152,156 shares of the scientific and technical instruments company's stock valued at $3,941,000 after buying an additional 105,885 shares during the period. 87.61% of the stock is owned by institutional investors and hedge funds.

About Vishay Precision Group

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.