Short Interest in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Drops By 5.9%

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 341,000 shares, a decline of 5.9% from the March 31st total of 362,300 shares. Based on an average trading volume of 47,800 shares, the days-to-cover ratio is currently 7.1 days. Approximately 4.4% of the company’s shares are short sold.

Institutional Trading of Core Molding Technologies

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in Core Molding Technologies during the third quarter worth about $125,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Core Molding Technologies by 1,648.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 106,161 shares of the industrial products company’s stock valued at $1,967,000 after buying an additional 100,091 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Core Molding Technologies by 55.4% in the third quarter. Wellington Management Group LLP now owns 51,900 shares of the industrial products company’s stock valued at $1,479,000 after buying an additional 18,500 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Core Molding Technologies during the fourth quarter worth $625,000. Finally, Fiera Capital Corp bought a new stake in Core Molding Technologies during the third quarter worth $228,000. Institutional investors own 58.79% of the company’s stock.

Core Molding Technologies Price Performance

NYSEAMERICAN CMT opened at $19.00 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.23 and a quick ratio of 1.75. The company has a market cap of $173.85 million, a P/E ratio of 8.23 and a beta of 1.67. Core Molding Technologies has a 52-week low of $16.00 and a 52-week high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted its quarterly earnings data on Tuesday, March 12th. The industrial products company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.06 by $0.19. The business had revenue of $73.78 million for the quarter, compared to analysts’ expectations of $69.60 million. Core Molding Technologies had a net margin of 5.68% and a return on equity of 15.74%. Equities analysts expect that Core Molding Technologies will post 1.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Core Molding Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday.

About Core Molding Technologies

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.