Short Interest in Superior Industries International, Inc. (NYSE:SUP) Increases By 46.1%

Superior Industries International, Inc. (NYSE:SUP) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 187,100 shares, a growth of 46.1% from the February 28th total of 128,100 shares. Based on an average daily volume of 97,300 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.9% of the shares of the company are short sold.

Hedge Funds Weigh In On Superior Industries International

Large investors have recently made changes to their positions in the business. Rangeley Capital LLC purchased a new stake in shares of Superior Industries International during the fourth quarter worth about $204,000. Sandia Investment Management LP purchased a new stake in Superior Industries International during the 4th quarter valued at approximately $153,000. Proficio Capital Partners LLC bought a new stake in shares of Superior Industries International during the fourth quarter valued at approximately $153,000. Jane Street Group LLC purchased a new position in shares of Superior Industries International in the fourth quarter worth $88,000. Finally, Heron Bay Capital Management bought a new position in shares of Superior Industries International during the fourth quarter worth $85,000. 56.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Superior Industries International from a “hold” rating to a “buy” rating in a research report on Saturday, March 15th.

Superior Industries International Stock Performance

Shares of SUP stock traded down $0.24 during mid-day trading on Friday, reaching $2.16. 71,967 shares of the company’s stock traded hands, compared to its average volume of 87,063. The firm has a market capitalization of $62.43 million, a PE ratio of -0.55 and a beta of 3.47. Superior Industries International has a 12 month low of $1.50 and a 12 month high of $4.57. The firm has a 50 day moving average price of $2.05 and a two-hundred day moving average price of $2.35.

Superior Industries International Company Profile

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.