Superior Industries International, Inc. (NYSE:SUP) Short Interest Down 23.9% in August

Superior Industries International, Inc. (NYSE:SUP) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 55,700 shares, a decline of 23.9% from the August 15th total of 73,200 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 85,300 shares, the days-to-cover ratio is currently 0.7 days.

Superior Industries International Stock Up 1.7 %

Shares of SUP stock opened at $2.93 on Friday. The business has a 50-day moving average price of $3.25 and a two-hundred day moving average price of $3.37. Superior Industries International has a 12-month low of $2.10 and a 12-month high of $4.57. The firm has a market cap of $84.65 million, a P/E ratio of -0.51 and a beta of 3.49.

Superior Industries International (NYSE:SUP) last released its earnings results on Thursday, August 8th. The auto parts company reported ($0.46) earnings per share for the quarter. The company had revenue of $319.00 million during the quarter, compared to the consensus estimate of $365.15 million.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Superior Industries International from a “buy” rating to a “hold” rating in a research note on Saturday, August 17th.

Institutional Investors Weigh In On Superior Industries International

A number of hedge funds have recently made changes to their positions in SUP. Privium Fund Management UK Ltd purchased a new stake in Superior Industries International during the first quarter valued at about $45,000. Pinnacle Holdings LLC boosted its holdings in Superior Industries International by 4.6% during the 4th quarter. Pinnacle Holdings LLC now owns 171,887 shares of the auto parts company’s stock valued at $550,000 after acquiring an additional 7,605 shares during the period. Squarepoint Ops LLC grew its position in Superior Industries International by 818.9% during the 2nd quarter. Squarepoint Ops LLC now owns 782,531 shares of the auto parts company’s stock worth $2,645,000 after acquiring an additional 697,367 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in Superior Industries International by 1.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 789,946 shares of the auto parts company’s stock worth $2,291,000 after purchasing an additional 11,923 shares during the period. Finally, Mill Road Capital Management LLC boosted its stake in shares of Superior Industries International by 0.7% during the fourth quarter. Mill Road Capital Management LLC now owns 4,380,940 shares of the auto parts company’s stock valued at $14,019,000 after purchasing an additional 32,300 shares during the period. 56.20% of the stock is currently 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.