Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Sees Significant Increase in Short Interest

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 183,700 shares, a growth of 6.4% from the October 31st total of 172,700 shares. Based on an average trading volume of 36,100 shares, the short-interest ratio is presently 5.1 days. Approximately 2.3% of the company’s shares are short sold.

Core Molding Technologies Price Performance

Core Molding Technologies stock traded down $0.26 during mid-day trading on Tuesday, reaching $16.81. 11,567 shares of the company’s stock were exchanged, compared to its average volume of 43,658. The firm has a market cap of $150.62 million, a PE ratio of 9.34 and a beta of 1.75. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 0.14. Core Molding Technologies has a twelve month low of $14.64 and a twelve month high of $21.00.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13. The business had revenue of $72.99 million for the quarter, compared to analyst estimates of $71.57 million. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. On average, research analysts expect that Core Molding Technologies will post 1.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO John P. Zimmer sold 7,600 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $17.78, for a total transaction of $135,128.00. Following the transaction, the chief financial officer now owns 107,959 shares in the company, valued at $1,919,511.02. This represents a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 9,291 shares of company stock worth $165,666 in the last three months. Corporate insiders own 13.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Core Molding Technologies by 12.8% in the 1st quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock worth $8,229,000 after acquiring an additional 49,501 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Core Molding Technologies during the first quarter worth about $155,000. Bank of New York Mellon Corp boosted its holdings in Core Molding Technologies by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 36,724 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 1,856 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Core Molding Technologies by 9.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company’s stock worth $2,681,000 after purchasing an additional 14,181 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Core Molding Technologies by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock valued at $178,000 after buying an additional 866 shares during the last quarter. Institutional investors and hedge funds own 58.79% of the company’s stock.

Core Molding Technologies Company Profile

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.