Short Interest in Superior Industries International, Inc. (NYSE:SUP) Increases By 158.6%

Superior Industries International, Inc. (NYSE:SUP) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 78,600 shares, a growth of 158.6% from the March 31st total of 30,400 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 86,300 shares, the short-interest ratio is presently 0.9 days.

Superior Industries International Stock Up 8.6 %

Shares of SUP traded up $0.32 during trading on Friday, reaching $4.02. 63,831 shares of the company traded hands, compared to its average volume of 79,510. The stock has a 50-day simple moving average of $3.32 and a 200-day simple moving average of $3.09. Superior Industries International has a twelve month low of $2.49 and a twelve month high of $5.03. The stock has a market cap of $112.92 million, a PE ratio of -0.84 and a beta of 3.59.

Superior Industries International (NYSE:SUP) last announced its earnings results on Thursday, March 7th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.44. The firm had revenue of $308.60 million during the quarter, compared to analysts’ expectations of $402.10 million.

Hedge Funds Weigh In On Superior Industries International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in Superior Industries International by 10.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 44,559 shares of the auto parts company’s stock valued at $135,000 after buying an additional 4,230 shares during the period. Bailard Inc. purchased a new position in Superior Industries International in the fourth quarter valued at $271,000. Pinnacle Holdings LLC boosted its holdings in Superior Industries International by 4.6% in the fourth quarter. Pinnacle Holdings LLC now owns 171,887 shares of the auto parts company’s stock valued at $550,000 after purchasing an additional 7,605 shares during the period. Finally, Mill Road Capital Management LLC grew its stake in Superior Industries International by 0.7% during the 4th quarter. Mill Road Capital Management LLC now owns 4,380,940 shares of the auto parts company’s stock worth $14,019,000 after purchasing an additional 32,300 shares in the last quarter. 56.20% of the stock is currently owned by hedge funds and other institutional investors.

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.