Short Interest in Core Molding Technologies, Inc. (CMT) Decreases By 17.1%

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 210,817 shares, a drop of 17.1% from the November 30th total of 254,208 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average daily volume of 28,084 shares, the days-to-cover ratio is presently 7.5 days.

A number of large investors have recently bought and sold shares of CMT. Strs Ohio bought a new stake in Core Molding Technologies during the second quarter worth about $144,000. Schwab Charles Investment Management Inc. bought a new position in shares of Core Molding Technologies in the second quarter worth approximately $268,000. Bank of New York Mellon Corp lifted its stake in shares of Core Molding Technologies by 156.4% in the second quarter. Bank of New York Mellon Corp now owns 32,521 shares of the industrial products company’s stock worth $703,000 after buying an additional 19,839 shares in the last quarter. Seizert Capital Partners LLC lifted its stake in shares of Core Molding Technologies by 5.2% in the second quarter. Seizert Capital Partners LLC now owns 27,911 shares of the industrial products company’s stock worth $603,000 after buying an additional 1,371 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Core Molding Technologies by 18.8% in the second quarter. Wells Fargo & Company MN now owns 69,156 shares of the industrial products company’s stock worth $1,494,000 after buying an additional 10,936 shares in the last quarter.

Separately, TheStreet cut shares of Core Molding Technologies from a “b” rating to a “c+” rating in a research report on Thursday, November 2nd.

Shares of Core Molding Technologies (NYSEAMERICAN:CMT) opened at $20.85 on Wednesday. Core Molding Technologies has a 52 week low of $14.42 and a 52 week high of $24.50. The company has a market cap of $167.70, a PE ratio of 23.97 and a beta of 0.97.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.11 EPS for the quarter. Core Molding Technologies had a net margin of 2.22% and a return on equity of 3.37%. The business had revenue of $38.49 million for the quarter.

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About Core Molding Technologies

Core Molding Technologies, Inc is a manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics. The Company along with its subsidiaries operates in the plastics market in a family of products known as reinforced plastics. It operates through manufacturing of SMC and molder of fiberglass reinforced plastics segment.

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