Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Short Interest Down 5.9% in April

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 341,000 shares, a decline of 5.9% from the March 31st total of 362,300 shares. Currently, 4.4% of the company's shares are short sold. Based on an average daily trading volume, of 47,800 shares, the short-interest ratio is currently 7.1 days.

Institutional Trading of Core Molding Technologies

Hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI purchased a new position in shares of Core Molding Technologies in the 4th quarter worth about $27,000. Tower Research Capital LLC TRC raised its holdings in shares of Core Molding Technologies by 82.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $33,000 after purchasing an additional 797 shares during the period. SG Americas Securities LLC purchased a new position in shares of Core Molding Technologies in the 3rd quarter worth about $103,000. Barclays PLC raised its holdings in shares of Core Molding Technologies by 53.1% in the 3rd quarter. Barclays PLC now owns 4,375 shares of the industrial products company's stock worth $125,000 after purchasing an additional 1,517 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Core Molding Technologies in the 3rd quarter worth about $125,000. 58.79% of the stock is owned by institutional investors and hedge funds.

Core Molding Technologies Stock Down 5.2 %

Core Molding Technologies stock traded down $0.98 during trading hours on Tuesday, hitting $18.02. The stock had a trading volume of 43,087 shares, compared to its average volume of 52,587. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.75 and a current ratio of 2.23. The firm has a market capitalization of $164.88 million, a price-to-earnings ratio of 8.23 and a beta of 1.67. Core Molding Technologies has a 1-year low of $16.00 and a 1-year high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) last posted its earnings results on Tuesday, March 12th. The industrial products company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.19. The company had revenue of $73.78 million for the quarter, compared to analyst estimates of $69.60 million. Core Molding Technologies had a return on equity of 15.74% and a net margin of 5.68%. Analysts predict that Core Molding Technologies will post 1.52 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Core Molding Technologies from a "strong-buy" rating to a "buy" rating in a report on Monday.

About Core Molding Technologies

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.