Vishay Precision Group, Inc. (NYSE:VPG) Sees Significant Increase in Short Interest

Vishay Precision Group, Inc. (NYSE:VPG - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 331,800 shares, a growth of 28.2% from the March 15th total of 258,800 shares. Approximately 2.9% of the company's shares are short sold. Based on an average daily volume of 125,500 shares, the short-interest ratio is currently 2.6 days.

Wall Street Analysts Forecast Growth

VPG has been the subject of a number of analyst reports. StockNews.com lowered Vishay Precision Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. B. Riley raised shares of Vishay Precision Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $24.50 to $28.50 in a research report on Thursday, February 13th.

Institutional Investors Weigh In On Vishay Precision Group

Several institutional investors and hedge funds have recently modified their holdings of VPG. Portolan Capital Management LLC bought a new position in shares of Vishay Precision Group in the 4th quarter worth approximately $11,552,000. JPMorgan Chase & Co. grew its stake in Vishay Precision Group by 1,238.1% in the third quarter. JPMorgan Chase & Co. now owns 358,325 shares of the scientific and technical instruments company's stock worth $9,281,000 after purchasing an additional 331,547 shares during the period. Lord Abbett & CO. LLC raised its holdings in Vishay Precision Group by 683.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 306,992 shares of the scientific and technical instruments company's stock worth $7,205,000 after purchasing an additional 267,826 shares in the last quarter. Azarias Capital Management L.P. purchased a new position in Vishay Precision Group during the fourth quarter valued at $5,142,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Vishay Precision Group by 82.1% during the 4th quarter. Ameriprise Financial Inc. now owns 330,107 shares of the scientific and technical instruments company's stock valued at $7,748,000 after buying an additional 148,802 shares in the last quarter. 87.61% of the stock is owned by hedge funds and other institutional investors.

Vishay Precision Group Trading Up 3.1 %

Shares of NYSE VPG traded up $0.63 during trading hours on Thursday, hitting $21.14. The company's stock had a trading volume of 10,042 shares, compared to its average volume of 94,085. The business has a 50-day simple moving average of $22.51 and a 200-day simple moving average of $23.02. The stock has a market cap of $280.27 million, a price-to-earnings ratio of 28.54 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.80 and a current ratio of 4.41. Vishay Precision Group has a 12 month low of $18.57 and a 12 month high of $35.11.

Vishay Precision Group (NYSE:VPG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.10). Vishay Precision Group had a return on equity of 3.87% and a net margin of 3.23%. On average, analysts anticipate that Vishay Precision Group will post 0.9 earnings per share for the current fiscal year.

Vishay Precision Group Company Profile

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.