Superior Industries International, Inc. (NYSE:SUP – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 78,600 shares, a growth of 158.6% from the March 31st total of 30,400 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 86,300 shares, the days-to-cover ratio is presently 0.9 days.
Hedge Funds Weigh In On Superior Industries International
Hedge funds have recently added to or reduced their stakes in the company. Mill Road Capital Management LLC grew its position in Superior Industries International by 0.7% in the 4th quarter. Mill Road Capital Management LLC now owns 4,380,940 shares of the auto parts company’s stock valued at $14,019,000 after acquiring an additional 32,300 shares during the last quarter. Pinnacle Holdings LLC boosted its stake in shares of Superior Industries International by 4.6% during the fourth quarter. Pinnacle Holdings LLC now owns 171,887 shares of the auto parts company’s stock valued at $550,000 after purchasing an additional 7,605 shares during the period. Bailard Inc. bought a new position in shares of Superior Industries International in the fourth quarter worth about $271,000. Finally, Janney Montgomery Scott LLC increased its stake in Superior Industries International by 10.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 44,559 shares of the auto parts company’s stock worth $135,000 after buying an additional 4,230 shares during the period. 56.20% of the stock is currently owned by institutional investors.
Superior Industries International Trading Up 8.6 %
Shares of NYSE:SUP traded up $0.32 during trading on Friday, reaching $4.02. The company’s stock had a trading volume of 63,831 shares, compared to its average volume of 79,510. The firm’s 50 day simple moving average is $3.32 and its two-hundred day simple moving average is $3.09. Superior Industries International has a 12 month low of $2.49 and a 12 month high of $5.03. The stock has a market capitalization of $112.92 million, a PE ratio of -0.84 and a beta of 3.59.
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.
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