Cooper-Standard Holdings Inc. (NYSE:CPS) Short Interest Update

Cooper-Standard Holdings Inc. (NYSE:CPS) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,240,000 shares, a growth of 10.7% from the May 31st total of 1,120,000 shares. Currently, 7.4% of the company’s shares are sold short. Based on an average daily trading volume, of 115,200 shares, the days-to-cover ratio is presently 10.8 days.

Cooper-Standard Stock Performance

NYSE CPS traded up $0.18 on Wednesday, hitting $12.13. 49,621 shares of the stock were exchanged, compared to its average volume of 144,751. Cooper-Standard has a 52-week low of $11.24 and a 52-week high of $22.74. The firm has a market capitalization of $209.73 million, a P/E ratio of -2.05 and a beta of 2.77. The stock has a fifty day moving average price of $13.41 and a two-hundred day moving average price of $15.37.

Cooper-Standard (NYSE:CPS) last released its earnings results on Monday, May 6th. The auto parts company reported ($1.75) earnings per share for the quarter. The firm had revenue of $676.43 million during the quarter.

Institutional Trading of Cooper-Standard

Institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC bought a new stake in shares of Cooper-Standard in the third quarter valued at about $156,000. Meridian Wealth Management LLC bought a new stake in shares of Cooper-Standard in the fourth quarter valued at about $195,000. SG Americas Securities LLC bought a new stake in shares of Cooper-Standard in the fourth quarter valued at about $269,000. BNP Paribas Financial Markets raised its holdings in shares of Cooper-Standard by 19.6% in the first quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company’s stock valued at $304,000 after acquiring an additional 3,004 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in shares of Cooper-Standard by 145.9% in the first quarter. Sunbelt Securities Inc. now owns 19,300 shares of the auto parts company’s stock valued at $320,000 after acquiring an additional 11,450 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.