Cooper-Standard Holdings Inc. (NYSE:CPS) Sees Large Increase in Short Interest

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

Analysts Set New Price Targets

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

Cooper-Standard Price Performance

NYSE CPS traded up $0.07 during mid-day trading on Wednesday, hitting $14.48. The company’s stock had a trading volume of 55,171 shares, compared to its average volume of 135,564. The firm has a market capitalization of $250.94 million, a P/E ratio of -1.46 and a beta of 2.79. Cooper-Standard has a 52-week low of $11.24 and a 52-week high of $20.82. The stock’s fifty day simple moving average is $14.21 and its two-hundred day simple moving average is $13.73.

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

Institutional Investors Weigh In On Cooper-Standard

Large investors have recently modified their holdings of the stock. Barclays PLC boosted its holdings in Cooper-Standard by 110.6% in the 3rd quarter. Barclays PLC now owns 31,013 shares of the auto parts company’s stock worth $430,000 after acquiring an additional 16,284 shares during the period. Geode Capital Management LLC boosted its stake in shares of Cooper-Standard by 1.2% in the third quarter. Geode Capital Management LLC now owns 392,882 shares of the auto parts company’s stock valued at $5,450,000 after purchasing an additional 4,821 shares during the period. Orion Portfolio Solutions LLC grew its holdings in Cooper-Standard by 14.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 13,704 shares of the auto parts company’s stock valued at $190,000 after purchasing an additional 1,701 shares in the last quarter. Jane Street Group LLC grew its holdings in Cooper-Standard by 130.9% during the 3rd quarter. Jane Street Group LLC now owns 55,456 shares of the auto parts company’s stock valued at $769,000 after purchasing an additional 31,437 shares in the last quarter. Finally, State Street Corp increased its stake in Cooper-Standard by 1.4% during the 3rd quarter. State Street Corp now owns 349,445 shares of the auto parts company’s stock worth $4,847,000 after buying an additional 4,809 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.