Short Interest in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Increases By 43.9%

Key Points

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Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 449,900 shares, anincreaseof43.9% from the July 15th total of 312,700 shares. Currently,1.7% of the shares of the stock are sold short. Based on an average daily volume of 371,500 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 371,500 shares, the short-interest ratio is presently 1.2 days. Currently,1.7% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Commercial Vehicle Group from a "sell" rating to a "hold" rating in a report on Saturday, June 7th.

Institutional Trading of Commercial Vehicle Group

A number of institutional investors have recently bought and sold shares of CVGI. Peapod Lane Capital LLC acquired a new position in shares of Commercial Vehicle Group in the 1st quarter valued at $650,000. Millennium Management LLC acquired a new position in shares of Commercial Vehicle Group in the 4th quarter valued at $297,000. Two Sigma Investments LP grew its holdings in shares of Commercial Vehicle Group by 68.7% in the 4th quarter. Two Sigma Investments LP now owns 225,648 shares of the company's stock valued at $560,000 after buying an additional 91,908 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Commercial Vehicle Group by 13.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 82,711 shares of the company's stock valued at $206,000 after buying an additional 9,800 shares during the period. Finally, Wealthedge Investment Advisors LLC acquired a new position in shares of Commercial Vehicle Group in the 4th quarter valued at $151,000. Institutional investors and hedge funds own 72.32% of the company's stock.

Commercial Vehicle Group Trading Up 1.7%

CVGI traded up $0.03 during trading on Friday, reaching $1.76. 90,591 shares of the company's stock were exchanged, compared to its average volume of 161,228. The company's fifty day moving average price is $1.75 and its 200-day moving average price is $1.53. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.41. Commercial Vehicle Group has a fifty-two week low of $0.8148 and a fifty-two week high of $3.81. The firm has a market capitalization of $65.08 million, a PE ratio of -1.56 and a beta of 2.18.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last released its earnings results on Monday, August 4th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). Commercial Vehicle Group had a negative return on equity of 7.40% and a negative net margin of 5.66%.The business had revenue of $171.96 million for the quarter, compared to analyst estimates of $161.63 million. Commercial Vehicle Group has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Commercial Vehicle Group will post 0.11 EPS for the current year.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.