Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Short Interest Update

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 882,100 shares, a decline of 12.7% from the January 31st total of 1,010,000 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average trading volume of 354,100 shares, the days-to-cover ratio is currently 2.5 days.

Commercial Vehicle Group Price Performance

Shares of CVGI traded down $0.01 during mid-day trading on Thursday, reaching $2.02. 297,056 shares of the company’s stock were exchanged, compared to its average volume of 328,068. The company has a 50-day simple moving average of $2.13 and a two-hundred day simple moving average of $2.65. Commercial Vehicle Group has a 52-week low of $1.81 and a 52-week high of $6.64. The company has a market cap of $69.52 million, a price-to-earnings ratio of 1.98, a PEG ratio of 0.43 and a beta of 2.35. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 0.70.

Hedge Funds Weigh In On Commercial Vehicle Group

Several hedge funds and other institutional investors have recently bought and sold shares of CVGI. Royce & Associates LP boosted its holdings in Commercial Vehicle Group by 4.3% in the fourth quarter. Royce & Associates LP now owns 2,253,611 shares of the company’s stock valued at $5,589,000 after purchasing an additional 93,805 shares during the last quarter. Renaissance Technologies LLC raised its stake in Commercial Vehicle Group by 14.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,978,959 shares of the company’s stock valued at $4,908,000 after buying an additional 254,364 shares in the last quarter. American Century Companies Inc. lifted its holdings in Commercial Vehicle Group by 2.5% during the 4th quarter. American Century Companies Inc. now owns 860,761 shares of the company’s stock worth $2,135,000 after buying an additional 21,018 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Commercial Vehicle Group by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 726,227 shares of the company’s stock worth $1,801,000 after acquiring an additional 21,902 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Commercial Vehicle Group by 0.7% in the 3rd quarter. State Street Corp now owns 644,880 shares of the company’s stock valued at $2,096,000 after acquiring an additional 4,527 shares during the last quarter. 72.32% of the stock is owned by institutional investors and hedge funds.

Commercial Vehicle Group Company Profile

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.