Short Interest in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Grows By 7.5%

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 176,300 shares, a growth of 7.5% from the November 30th total of 164,000 shares. Based on an average daily trading volume, of 37,200 shares, the short-interest ratio is presently 4.7 days. Approximately 2.2% of the company’s shares are short sold.

Core Molding Technologies Trading Up 0.8 %

CMT traded up $0.13 during trading on Wednesday, hitting $16.54. The company had a trading volume of 67,550 shares, compared to its average volume of 43,793. Core Molding Technologies has a one year low of $14.64 and a one year high of $21.00. The stock has a market capitalization of $148.20 million, a P/E ratio of 9.34 and a beta of 1.75. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14.

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

Insider Activity at Core Molding Technologies

In other news, CFO John P. Zimmer sold 7,600 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $17.78, for a total value of $135,128.00. Following the completion of the transaction, the chief financial officer now owns 107,959 shares of the company’s stock, valued at $1,919,511.02. The trade was a 6.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David L. Duvall sold 2,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $16.55, for a total value of $33,100.00. Following the sale, the chief executive officer now directly owns 284,381 shares in the company, valued at $4,706,505.55. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,190 shares of company stock worth $734,561 over the last ninety days. Company insiders own 13.10% of the company’s stock.

Institutional Trading of Core Molding Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC grew its stake in shares of Core Molding Technologies by 278.9% in the third quarter. Barclays PLC now owns 9,942 shares of the industrial products company’s stock valued at $172,000 after buying an additional 7,318 shares in the last quarter. Geode Capital Management LLC lifted its stake in Core Molding Technologies by 1.6% in the third quarter. Geode Capital Management LLC now owns 174,999 shares of the industrial products company’s stock valued at $3,012,000 after acquiring an additional 2,737 shares during the last quarter. State Street Corp increased its stake in shares of Core Molding Technologies by 0.8% during the 3rd quarter. State Street Corp now owns 157,430 shares of the industrial products company’s stock worth $2,709,000 after purchasing an additional 1,267 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Core Molding Technologies during the 3rd quarter worth about $195,000. Finally, MetLife Investment Management LLC increased its stake in shares of Core Molding Technologies by 131.0% during the 3rd quarter. MetLife Investment Management LLC now owns 4,460 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 2,529 shares during the last quarter. Institutional investors and hedge funds own 58.79% of the company’s stock.

About Core Molding Technologies

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.