Westport Fuel Systems Inc. (NASDAQ:WPRT) Short Interest Down 14.2% in April

Westport Fuel Systems Inc. (NASDAQ:WPRT - Get Free Report) TSE: WPRT was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 420,000 shares, a decline of 14.2% from the March 31st total of 489,600 shares. Based on an average daily volume of 53,300 shares, the days-to-cover ratio is currently 7.9 days. Approximately 2.8% of the shares of the company are short sold.

Westport Fuel Systems Price Performance

Shares of WPRT traded down $0.02 during mid-day trading on Monday, hitting $5.67. 59,770 shares of the company were exchanged, compared to its average volume of 49,276. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.61. Westport Fuel Systems has a 1-year low of $4.90 and a 1-year high of $12.00. The stock has a market cap of $97.35 million, a price-to-earnings ratio of -1.98 and a beta of 2.45. The company has a 50 day moving average of $6.08 and a 200-day moving average of $6.21.

Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT last announced its earnings results on Monday, March 25th. The auto parts company reported ($0.81) EPS for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.19). The firm had revenue of $87.20 million for the quarter, compared to analyst estimates of $82.00 million. Westport Fuel Systems had a negative net margin of 14.97% and a negative return on equity of 26.18%. Analysts expect that Westport Fuel Systems will post -1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WPRT. AE Wealth Management LLC raised its position in shares of Westport Fuel Systems by 25.0% in the third quarter. AE Wealth Management LLC now owns 51,439 shares of the auto parts company's stock valued at $312,000 after buying an additional 10,300 shares during the last quarter. Trellus Management Company LLC lifted its stake in Westport Fuel Systems by 32.1% in the 3rd quarter. Trellus Management Company LLC now owns 83,238 shares of the auto parts company's stock worth $504,000 after purchasing an additional 20,238 shares in the last quarter. Grace & White Inc. NY lifted its stake in Westport Fuel Systems by 18.1% in the 3rd quarter. Grace & White Inc. NY now owns 399,876 shares of the auto parts company's stock worth $2,423,000 after purchasing an additional 61,199 shares in the last quarter. Finally, AMH Equity Ltd boosted its holdings in shares of Westport Fuel Systems by 52.9% during the 4th quarter. AMH Equity Ltd now owns 250,000 shares of the auto parts company's stock worth $1,655,000 after purchasing an additional 86,460 shares during the last quarter. Hedge funds and other institutional investors own 21.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on WPRT shares. HC Wainwright reissued a "buy" rating and set a $30.00 price target on shares of Westport Fuel Systems in a report on Wednesday, March 27th. Oppenheimer restated an "outperform" rating and set a $19.00 target price on shares of Westport Fuel Systems in a research report on Wednesday, March 27th. TD Securities reduced their price target on Westport Fuel Systems from $8.00 to $7.50 and set a "market perform" rating for the company in a report on Wednesday, March 27th. Finally, Royal Bank of Canada dropped their price objective on Westport Fuel Systems from $10.00 to $9.00 and set a "sector perform" rating on the stock in a report on Wednesday, March 27th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $15.10.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, Asia, North America, South America, and internationally. The company operates through two segments, Original Equipment Manufacturers and Independent Aftermarket.