Vishay Precision Group, Inc. (NYSE:VPG) Short Interest Update

Vishay Precision Group, Inc. (NYSE:VPG) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 243,800 shares, an increase of 17.7% from the February 13th total of 207,200 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 87,900 shares, the days-to-cover ratio is currently 2.8 days.

Vishay Precision Group Stock Performance

Shares of VPG traded down $0.14 during midday trading on Thursday, hitting $22.37. 6,712 shares of the stock traded hands, compared to its average volume of 74,251. Vishay Precision Group has a 1-year low of $20.83 and a 1-year high of $35.52. The firm has a market capitalization of $296.56 million, a PE ratio of 30.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.80 and a current ratio of 4.41. The business’s 50 day moving average price is $23.33 and its two-hundred day moving average price is $23.57.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). Vishay Precision Group had a net margin of 3.23% and a return on equity of 3.87%. Equities research analysts predict that Vishay Precision Group will post 0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VPG has been the subject of a number of research reports. B. Riley raised shares of Vishay Precision Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $24.50 to $28.50 in a report on Thursday, February 13th. StockNews.com downgraded shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Saturday, March 1st.

Institutional Investors Weigh In On Vishay Precision Group

A number of hedge funds and other institutional investors have recently modified their holdings of VPG. Quantbot Technologies LP bought a new stake in shares of Vishay Precision Group during the third quarter valued at about $51,000. Quest Partners LLC bought a new stake in Vishay Precision Group in the third quarter worth about $66,000. Cubist Systematic Strategies LLC bought a new stake in Vishay Precision Group in the fourth quarter worth about $184,000. Wells Fargo & Company MN raised its position in Vishay Precision Group by 32.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,067 shares of the scientific and technical instruments company’s stock worth $189,000 after acquiring an additional 1,970 shares in the last quarter. Finally, EMC Capital Management raised its position in Vishay Precision Group by 577.8% in the fourth quarter. EMC Capital Management now owns 9,069 shares of the scientific and technical instruments company’s stock worth $213,000 after acquiring an additional 7,731 shares in the last quarter. 87.61% of the stock is currently owned by institutional investors.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.