Cooper-Standard Holdings Inc. (NYSE:CPS) Short Interest Down 32.7% in May

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 915,600 shares, a decrease of 32.7% from the April 30th total of 1,360,000 shares. Based on an average trading volume of 400,200 shares, the short-interest ratio is presently 2.3 days. Currently, 5.5% of the company's stock are sold short.

Cooper-Standard Trading Up 1.8%

Shares of CPS stock traded up $0.37 during mid-day trading on Tuesday, reaching $21.04. The stock had a trading volume of 244,057 shares, compared to its average volume of 216,101. Cooper-Standard has a 1-year low of $10.38 and a 1-year high of $26.73. The firm has a market cap of $369.26 million, a price-to-earnings ratio of -4.64 and a beta of 2.63. The business's fifty day moving average is $17.83 and its 200-day moving average is $15.81.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.93) by $1.12. The firm had revenue of $667.07 million during the quarter, compared to analyst estimates of $670.00 million.

Analyst Upgrades and Downgrades

CPS has been the subject of a number of recent analyst reports. Citigroup initiated coverage on Cooper-Standard in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 price objective for the company. Wall Street Zen raised shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd.

Institutional Trading of Cooper-Standard

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Cooper-Standard during the 4th quarter worth about $107,000. Gladstone Institutional Advisory LLC acquired a new stake in Cooper-Standard in the fourth quarter valued at $219,000. Raymond James Financial Inc. purchased a new position in Cooper-Standard in the 4th quarter valued at about $2,522,000. Quantbot Technologies LP purchased a new position in Cooper-Standard during the fourth quarter worth about $48,000. Finally, JPMorgan Chase & Co. raised its position in shares of Cooper-Standard by 109.6% in the 4th quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company's stock worth $2,189,000 after buying an additional 84,412 shares during the period. Hedge funds and other institutional investors own 69.11% of the company's stock.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.