Superior Industries International, Inc. (NYSE:SUP) Short Interest Up 46.1% in March

Superior Industries International, Inc. (NYSE:SUP) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 187,100 shares, an increase of 46.1% from the February 28th total of 128,100 shares. Based on an average daily trading volume, of 97,300 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.9% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Superior Industries International from a “hold” rating to a “buy” rating in a research note on Saturday, March 15th.

Hedge Funds Weigh In On Superior Industries International

Several institutional investors and hedge funds have recently modified their holdings of the business. Heron Bay Capital Management acquired a new position in shares of Superior Industries International during the 4th quarter worth about $85,000. Jane Street Group LLC purchased a new position in shares of Superior Industries International in the fourth quarter valued at approximately $88,000. Sandia Investment Management LP purchased a new stake in shares of Superior Industries International during the fourth quarter worth approximately $153,000. Proficio Capital Partners LLC purchased a new position in Superior Industries International in the 4th quarter valued at $153,000. Finally, Rangeley Capital LLC acquired a new stake in Superior Industries International during the 4th quarter worth $204,000. Hedge funds and other institutional investors own 56.20% of the company’s stock.

Superior Industries International Price Performance

NYSE:SUP traded down $0.05 during mid-day trading on Monday, hitting $2.12. The company’s stock had a trading volume of 264,772 shares, compared to its average volume of 87,771. The business’s fifty day moving average is $2.05 and its two-hundred day moving average is $2.34. The stock has a market cap of $61.13 million, a price-to-earnings ratio of -0.54 and a beta of 3.47. Superior Industries International has a 1 year low of $1.50 and a 1 year high of $4.57.

Superior Industries International Company Profile

Superior Industries International, Inc, together with its subsidiaries, designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.