Short Interest in Superior Industries International, Inc. (NYSE:SUP) Declines By 15.4%

Superior Industries International, Inc. (NYSE:SUP) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 64,100 shares, a decrease of 15.4% from the October 31st total of 75,800 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 76,100 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Superior Industries International from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th.

Superior Industries International Stock Down 0.8 %

NYSE:SUP opened at $2.37 on Monday. The firm has a market cap of $68.47 million, a PE ratio of -0.60 and a beta of 3.50. Superior Industries International has a 12 month low of $2.10 and a 12 month high of $4.57. The company’s 50-day moving average price is $2.73 and its two-hundred day moving average price is $3.10.

Institutional Investors Weigh In On Superior Industries International

A hedge fund recently raised its stake in Superior Industries International stock. Squarepoint Ops LLC lifted its stake in shares of Superior Industries International, Inc. (NYSE:SUP) by 818.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 782,531 shares of the auto parts company’s stock after purchasing an additional 697,367 shares during the period. Squarepoint Ops LLC owned approximately 2.74% of Superior Industries International worth $2,645,000 at the end of the most recent reporting period. 56.20% of the stock is owned by hedge funds and other institutional investors.

Superior Industries International Company Profile

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.