Rogers Corporation (NYSE:ROG) Short Interest Up 54.5% in August

Key Points

• Rogers Corporation experienced a 54.5% increase in short interest in August, totaling 618,000 shares, indicating a growing skepticism among investors.
• Several hedge funds significantly increased their stakes in Rogers, with Signaturefd LLC raising its stake by an astonishing 6,118.8% in the first quarter.
• The company reported a miss in quarterly earnings with an EPS of $0.34, falling short of the expected $0.50, although revenue was better than anticipated at $202.8 million.

Rogers Corporation (NYSE:ROG - Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 618,000 shares, an increase of 54.5% from the July 31st total of 400,100 shares. Based on an average daily volume of 227,800 shares, the short-interest ratio is presently 2.7 days. Approximately 3.5% of the company's shares are sold short. Approximately 3.5% of the company's shares are sold short. Based on an average daily volume of 227,800 shares, the short-interest ratio is presently 2.7 days.

Rogers Stock Performance

NYSE:ROG traded down $2.83 during trading hours on Friday, hitting $81.11. 333,851 shares of the company's stock traded hands, compared to its average volume of 204,105. The firm has a market cap of $1.47 billion, a P/E ratio of -22.98 and a beta of 0.51. Rogers has a twelve month low of $51.43 and a twelve month high of $114.05. The stock's fifty day moving average price is $73.14 and its two-hundred day moving average price is $69.36.

Rogers (NYSE:ROG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The electronics maker reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.16). The business had revenue of $202.80 million for the quarter, compared to analyst estimates of $198.75 million. Rogers had a negative net margin of 8.14% and a positive return on equity of 3.04%. Rogers has set its Q3 2025 guidance at 0.500-0.900 EPS. On average, equities research analysts predict that Rogers will post 3.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Norges Bank acquired a new position in Rogers in the 2nd quarter worth about $89,111,000. Neuberger Berman Group LLC increased its position in Rogers by 5.5% in the 1st quarter. Neuberger Berman Group LLC now owns 1,025,716 shares of the electronics maker's stock worth $69,267,000 after purchasing an additional 53,093 shares during the last quarter. Ameriprise Financial Inc. increased its position in Rogers by 38.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker's stock worth $40,863,000 after purchasing an additional 165,174 shares during the last quarter. Geode Capital Management LLC increased its position in Rogers by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 420,556 shares of the electronics maker's stock worth $28,803,000 after purchasing an additional 4,240 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Rogers by 26.6% during the 4th quarter. Bank of America Corp DE now owns 321,337 shares of the electronics maker's stock valued at $32,651,000 after acquiring an additional 67,454 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

About Rogers

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.