Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Short Interest Down 5.9% in April

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 341,000 shares, a drop of 5.9% from the March 31st total of 362,300 shares. Based on an average trading volume of 47,800 shares, the days-to-cover ratio is presently 7.1 days. Currently, 4.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Core Molding Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday.

Core Molding Technologies Trading Down 1.9 %

NYSEAMERICAN CMT opened at $19.00 on Tuesday. The company has a current ratio of 2.23, a quick ratio of 1.75 and a debt-to-equity ratio of 0.15. Core Molding Technologies has a fifty-two week low of $16.00 and a fifty-two week high of $30.09. The firm has a market cap of $173.85 million, a P/E ratio of 8.23 and a beta of 1.67.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings results on Tuesday, March 12th. The industrial products company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.19. The business had revenue of $73.78 million for the quarter, compared to the consensus estimate of $69.60 million. Core Molding Technologies had a net margin of 5.68% and a return on equity of 15.74%. As a group, equities research analysts predict that Core Molding Technologies will post 1.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Core Molding Technologies during the 3rd quarter valued at approximately $103,000. Bank of New York Mellon Corp increased its position in Core Molding Technologies by 16.2% in the third quarter. Bank of New York Mellon Corp now owns 26,108 shares of the industrial products company’s stock worth $744,000 after purchasing an additional 3,638 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Core Molding Technologies during the third quarter valued at $173,000. Mesirow Financial Investment Management Inc. bought a new position in Core Molding Technologies during the third quarter valued at $281,000. Finally, Jump Financial LLC purchased a new position in shares of Core Molding Technologies in the 3rd quarter worth $208,000. 58.79% of the stock is currently owned by institutional investors.

About Core Molding Technologies

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.