Cooper-Standard Holdings Inc. (NYSE:CPS) Short Interest Update

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

Cooper-Standard Stock Performance

Cooper-Standard stock traded down $0.05 during mid-day trading on Thursday, hitting $21.08. The company's stock had a trading volume of 164,435 shares, compared to its average volume of 217,553. The company has a 50 day moving average of $18.16 and a 200-day moving average of $15.93. The stock has a market cap of $369.86 million, a PE ratio of -4.64 and a beta of 2.63. Cooper-Standard has a one year low of $10.38 and a one year high of $26.73.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen raised Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd. Citigroup initiated coverage on Cooper-Standard in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 target price on the stock.

Institutional Investors Weigh In On Cooper-Standard

Hedge funds have recently made changes to their positions in the company. Fiduciary Alliance LLC lifted its stake in shares of Cooper-Standard by 22.3% during the 1st quarter. Fiduciary Alliance LLC now owns 420,636 shares of the auto parts company's stock worth $6,444,000 after purchasing an additional 76,744 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in shares of Cooper-Standard by 11.0% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company's stock worth $4,607,000 after purchasing an additional 33,631 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Cooper-Standard by 19.5% during the 4th quarter. Renaissance Technologies LLC now owns 338,000 shares of the auto parts company's stock worth $4,583,000 after purchasing an additional 55,100 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Cooper-Standard by 89.9% during the 1st quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company's stock worth $4,765,000 after purchasing an additional 147,209 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Cooper-Standard by 24.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 223,558 shares of the auto parts company's stock worth $3,425,000 after purchasing an additional 43,979 shares during the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

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.