Rogers Corporation (NYSE:ROG) Short Interest Update

Rogers Corporation (NYSE:ROG) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 615,959 shares, a decrease of 18.0% from the January 15th total of 751,064 shares. Currently, 3.5% of the shares of the company are sold short. Based on an average daily volume of 171,428 shares, the days-to-cover ratio is presently 3.6 days. Based on an average daily volume of 171,428 shares, the days-to-cover ratio is presently 3.6 days. Currently, 3.5% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

ROG has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Rogers from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. B. Riley Financial reissued a “buy” rating on shares of Rogers in a report on Thursday, October 30th. Zacks Research lowered Rogers from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Rogers in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Rogers presently has an average rating of “Hold” and a consensus target price of $85.00.

Hedge Funds Weigh In On Rogers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROG. Global Retirement Partners LLC increased its stake in Rogers by 6,576.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock worth $104,000 after acquiring an additional 1,118 shares during the last quarter. Virtus Advisers LLC purchased a new position in shares of Rogers during the third quarter worth about $127,000. Quadrant Capital Group LLC bought a new position in shares of Rogers in the third quarter worth approximately $130,000. PNC Financial Services Group Inc. increased its position in shares of Rogers by 119.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,905 shares of the electronics maker’s stock worth $153,000 after purchasing an additional 1,038 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in Rogers by 11.1% in the third quarter. Central Pacific Bank Trust Division now owns 2,500 shares of the electronics maker’s stock valued at $201,000 after purchasing an additional 250 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Stock Performance

NYSE ROG traded down $1.31 on Monday, hitting $107.67. The stock had a trading volume of 201,940 shares, compared to its average volume of 156,594. The firm has a 50-day moving average of $97.18 and a 200-day moving average of $86.55. Rogers has a 52-week low of $51.43 and a 52-week high of $112.81. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -29.66 and a beta of 0.40.

About Rogers

Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.

Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.