Stoneridge, Inc. (NYSE:SRI) Short Interest Update

Stoneridge, Inc. (NYSE:SRI - Get Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 694,100 shares, a growth of 26.7% from the May 15th total of 547,900 shares. Based on an average trading volume of 296,300 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.6% of the company's shares are sold short.

Stoneridge Stock Down 2.6%

Shares of NYSE:SRI traded down $0.17 during trading on Friday, hitting $6.10. The stock had a trading volume of 235,941 shares, compared to its average volume of 290,458. The company has a market capitalization of $169.75 million, a PE ratio of -9.52 and a beta of 1.32. The company has a quick ratio of 1.52, a current ratio of 2.39 and a debt-to-equity ratio of 0.80. The firm's fifty day moving average is $4.86 and its 200 day moving average is $5.10. Stoneridge has a 12 month low of $3.54 and a 12 month high of $18.40.

Stoneridge (NYSE:SRI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The firm had revenue of $217.89 million during the quarter, compared to analysts' expectations of $212.42 million. Stoneridge had a negative return on equity of 4.66% and a negative net margin of 1.98%. Analysts anticipate that Stoneridge will post -0.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on SRI shares. Barrington Research restated an "outperform" rating and issued a $16.00 price objective on shares of Stoneridge in a report on Wednesday. Wall Street Zen upgraded shares of Stoneridge from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. 22NW LP lifted its holdings in shares of Stoneridge by 374.8% during the first quarter. 22NW LP now owns 1,627,653 shares of the auto parts company's stock valued at $7,471,000 after purchasing an additional 1,284,866 shares during the last quarter. Cooper Creek Partners Management LLC increased its position in Stoneridge by 0.7% during the 4th quarter. Cooper Creek Partners Management LLC now owns 1,442,314 shares of the auto parts company's stock valued at $9,043,000 after buying an additional 9,829 shares in the last quarter. Ewing Morris & Co. Investment Partners Ltd. increased its position in Stoneridge by 1.4% during the 4th quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,224,273 shares of the auto parts company's stock valued at $7,676,000 after buying an additional 16,833 shares in the last quarter. Millennium Management LLC raised its stake in Stoneridge by 3.0% during the first quarter. Millennium Management LLC now owns 954,577 shares of the auto parts company's stock valued at $4,382,000 after buying an additional 28,037 shares during the last quarter. Finally, AYAL Capital Advisors Ltd boosted its holdings in Stoneridge by 264.2% in the fourth quarter. AYAL Capital Advisors Ltd now owns 923,494 shares of the auto parts company's stock worth $5,790,000 after acquiring an additional 669,935 shares in the last quarter. 98.07% of the stock is owned by hedge funds and other institutional investors.

About Stoneridge

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.