Supreme Industries, Inc. (NYSE:STS) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 818,207 shares, an increase of 21.3% from the June 30th total of 674,501 shares. Based on an average daily trading volume, of 229,848 shares, the days-to-cover ratio is currently 3.6 days. Currently, 6.3% of the company’s shares are sold short.
In other Supreme Industries news, major shareholder William J. Barrett sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $12.60, for a total transaction of $25,200.00. Following the completion of the sale, the insider now directly owns 677,573 shares in the company, valued at $8,537,419.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Weber sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $12.63, for a total transaction of $252,600.00. Following the sale, the chief executive officer now owns 176,310 shares of the company’s stock, valued at $2,226,795.30. The disclosure for this sale can be found here.
Separately, Sidoti cut shares of Supreme Industries from a “buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research report on Thursday, June 9th.
Supreme Industries (NYSE:STS) last posted its earnings results on Thursday, July 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.16. The company had revenue of $92.90 million for the quarter, compared to analyst estimates of $89.12 million. Equities research analysts predict that Supreme Industries will post $0.94 EPS for the current fiscal year.
Supreme Industries, Inc (Supreme) is a manufacturer of specialized vehicles, including truck bodies, trolleys and specialty vehicles. The Company operates through two segments, which include specialized commercial vehicles and fiberglass products. The Company manufactures specialized commercial vehicles that are attached to a truck chassis.
