Stoneridge, Inc. (NYSE:SRI) Short Interest Update

Stoneridge, Inc. (NYSE:SRI) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 201,300 shares, a growth of 14.8% from the January 15th total of 175,400 shares. Based on an average daily volume of 335,300 shares, the short-interest ratio is currently 0.6 days. Approximately 0.8% of the shares of the company are short sold.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barrington Research restated an “outperform” rating and issued a $16.00 price objective on shares of Stoneridge in a research report on Thursday, October 31st. StockNews.com lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Stoneridge Price Performance

Stoneridge stock traded up $0.09 during mid-day trading on Monday, hitting $4.27. 217,303 shares of the company traded hands, compared to its average volume of 230,759. Stoneridge has a one year low of $4.12 and a one year high of $18.85. The stock has a market cap of $118.10 million, a price-to-earnings ratio of -15.80 and a beta of 1.34. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44. The stock has a fifty day moving average price of $5.60 and a 200-day moving average price of $8.83.

Institutional Investors Weigh In On Stoneridge

Several hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. bought a new stake in shares of Stoneridge in the 4th quarter worth approximately $25,000. US Bancorp DE lifted its holdings in shares of Stoneridge by 65.2% in the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 2,679 shares during the last quarter. Quarry LP bought a new stake in Stoneridge during the 3rd quarter valued at $44,000. nVerses Capital LLC bought a new stake in Stoneridge during the 3rd quarter valued at $59,000. Finally, SG Americas Securities LLC bought a new stake in Stoneridge during the 4th quarter valued at $74,000. 98.07% of the stock is currently owned by institutional investors.

About Stoneridge

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.