Core Molding Technologies, Inc. (CMT) Short Interest Update
Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 176,459 shares, a decrease of 33.6% from the October 31st total of 265,593 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 15,145 shares, the short-interest ratio is presently 11.7 days.
Institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in Core Molding Technologies by 1,757.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,202 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 4,922 shares in the last quarter. Strs Ohio purchased a new stake in Core Molding Technologies during the 2nd quarter worth about $144,000. New York State Common Retirement Fund purchased a new stake in Core Molding Technologies during the 2nd quarter worth about $171,000. Eagle Global Advisors LLC purchased a new stake in Core Molding Technologies during the 2nd quarter worth about $219,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Core Molding Technologies during the 2nd quarter worth about $268,000.
Core Molding Technologies (NYSEAMERICAN CMT) opened at $21.09 on Friday. Core Molding Technologies has a 1 year low of $14.42 and a 1 year high of $24.50.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Friday, November 17th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, November 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.95%. Core Molding Technologies’s dividend payout ratio (DPR) is 22.99%.
Separately, TheStreet cut Core Molding Technologies from a “b” rating to a “c+” rating in a research report on Thursday, November 2nd.
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About Core Molding Technologies
Core Molding Technologies, Inc is a manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics. The Company along with its subsidiaries operates in the plastics market in a family of products known as reinforced plastics. It operates through manufacturing of SMC and molder of fiberglass reinforced plastics segment.
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