Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Short Interest Up 20.0% in December

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 765,300 shares, a growth of 20.0% from the November 30th total of 637,500 shares. Based on an average daily volume of 271,700 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.6% of the company’s shares are sold short.

Commercial Vehicle Group Stock Up 1.7 %

Shares of CVGI opened at $2.38 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The firm has a market cap of $82.11 million, a P/E ratio of 2.33, a price-to-earnings-growth ratio of 1.05 and a beta of 2.39. The company’s 50-day moving average price is $2.53 and its 200 day moving average price is $3.51. Commercial Vehicle Group has a 12-month low of $2.08 and a 12-month high of $7.02.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

Insider Activity at Commercial Vehicle Group

In other news, Director Wayne M. Rancourt purchased 15,000 shares of Commercial Vehicle Group stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $2.58 per share, with a total value of $38,700.00. Following the transaction, the director now owns 157,783 shares in the company, valued at $407,080.14. This represents a 10.51 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Commercial Vehicle Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC raised its holdings in shares of Commercial Vehicle Group by 79.0% in the 3rd quarter. Private Advisor Group LLC now owns 220,051 shares of the company’s stock valued at $715,000 after buying an additional 97,091 shares during the period. Rhumbline Advisers grew its position in Commercial Vehicle Group by 9.1% in the 2nd quarter. Rhumbline Advisers now owns 49,629 shares of the company’s stock valued at $243,000 after acquiring an additional 4,130 shares in the last quarter. Clifford Capital Partners LLC grew its position in Commercial Vehicle Group by 14.6% in the 2nd quarter. Clifford Capital Partners LLC now owns 97,953 shares of the company’s stock valued at $480,000 after acquiring an additional 12,506 shares in the last quarter. Empowered Funds LLC increased its stake in Commercial Vehicle Group by 5.3% during the third quarter. Empowered Funds LLC now owns 99,361 shares of the company’s stock worth $323,000 after purchasing an additional 4,958 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Commercial Vehicle Group by 13.2% during the second quarter. American Century Companies Inc. now owns 731,356 shares of the company’s stock worth $3,584,000 after purchasing an additional 85,102 shares in the last quarter. 72.32% of the stock is owned by hedge funds and other institutional investors.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.