Superior Industries International, Inc. (NYSE:SUP) Short Interest Up 46.1% in March

Superior Industries International, Inc. (NYSE:SUP) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 187,100 shares, a growth of 46.1% from the February 28th total of 128,100 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 97,300 shares, the days-to-cover ratio is presently 1.9 days.

Superior Industries International Stock Down 2.1 %

Shares of NYSE SUP traded down $0.05 during trading hours on Monday, hitting $2.12. 264,772 shares of the stock were exchanged, compared to its average volume of 87,771. Superior Industries International has a 12 month low of $1.50 and a 12 month high of $4.57. The firm has a fifty day moving average price of $2.05 and a 200-day moving average price of $2.34. The company has a market cap of $61.13 million, a PE ratio of -0.54 and a beta of 3.47.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Superior Industries International from a “hold” rating to a “buy” rating in a research report on Saturday, March 15th.

Institutional Trading of Superior Industries International

A number of institutional investors have recently made changes to their positions in SUP. Proficio Capital Partners LLC acquired a new stake in Superior Industries International in the fourth quarter worth about $153,000. Heron Bay Capital Management acquired a new position in Superior Industries International during the 4th quarter valued at approximately $85,000. Jane Street Group LLC acquired a new position in Superior Industries International during the 4th quarter valued at approximately $88,000. Sandia Investment Management LP purchased a new position in shares of Superior Industries International in the fourth quarter worth $153,000. Finally, Nierenberg Investment Management Company Inc. grew its holdings in shares of Superior Industries International by 15.5% during the fourth quarter. Nierenberg Investment Management Company Inc. now owns 128,793 shares of the auto parts company’s stock valued at $263,000 after buying an additional 17,238 shares during the last quarter. Institutional investors and hedge funds own 56.20% of the company’s stock.

About Superior Industries International

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.