Cooper-Standard Holdings Inc. (NYSE:CPS) Short Interest Update

Cooper-Standard Holdings Inc. (NYSE:CPS) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 1,140,000 shares, an increase of 8.6% from the October 31st total of 1,050,000 shares. Based on an average daily volume of 129,600 shares, the days-to-cover ratio is currently 8.8 days. Currently, 6.8% of the company’s stock are sold short.

Cooper-Standard Trading Up 0.5 %

NYSE CPS traded up $0.07 during trading hours on Wednesday, reaching $14.48. 55,171 shares of the company traded hands, compared to its average volume of 135,564. The stock has a market capitalization of $250.94 million, a PE ratio of -1.46 and a beta of 2.79. Cooper-Standard has a 12 month low of $11.24 and a 12 month high of $20.82. The company has a 50 day moving average of $14.21 and a two-hundred day moving average of $13.73.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported ($0.68) EPS for the quarter, topping the consensus estimate of ($1.18) by $0.50. The company had revenue of $685.35 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new position in Cooper-Standard during the third quarter worth $574,000. Fiduciary Alliance LLC boosted its holdings in shares of Cooper-Standard by 21.5% in the 3rd quarter. Fiduciary Alliance LLC now owns 314,690 shares of the auto parts company’s stock valued at $4,365,000 after buying an additional 55,605 shares during the period. Millrace Asset Group Inc. acquired a new position in shares of Cooper-Standard in the 3rd quarter valued at about $1,096,000. US Bancorp DE bought a new stake in shares of Cooper-Standard during the 3rd quarter valued at about $33,000. Finally, AQR Capital Management LLC raised its stake in Cooper-Standard by 18.3% during the second quarter. AQR Capital Management LLC now owns 119,598 shares of the auto parts company’s stock worth $1,488,000 after acquiring an additional 18,478 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.