Superior Industries International, Inc. (NYSE:SUP) Sees Large Increase in Short Interest

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

Wall Street Analyst Weigh In

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

Superior Industries International Price Performance

NYSE:SUP traded down $0.02 during trading hours on Tuesday, reaching $2.11. 58,409 shares of the stock were exchanged, compared to its average volume of 87,656. The stock has a market cap of $60.98 million, a PE ratio of -0.53 and a beta of 3.47. Superior Industries International has a twelve month low of $1.50 and a twelve month high of $4.57. The firm has a 50 day moving average of $2.05 and a 200 day moving average of $2.34.

Institutional Investors Weigh In On Superior Industries International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rangeley Capital LLC acquired a new stake in shares of Superior Industries International in the fourth quarter valued at about $204,000. Sandia Investment Management LP bought a new position in Superior Industries International in the fourth quarter valued at approximately $153,000. Proficio Capital Partners LLC acquired a new position in shares of Superior Industries International during the 4th quarter worth approximately $153,000. Jane Street Group LLC bought a new stake in shares of Superior Industries International during the 4th quarter worth approximately $88,000. Finally, Heron Bay Capital Management acquired a new stake in shares of Superior Industries International in the 4th quarter valued at approximately $85,000. 56.20% of the stock is owned by institutional investors.

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.