Short Interest in Core Molding Technologies, Inc. (CMT) Decreases By 33.6%
Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 176,459 shares, a decrease of 33.6% from the October 31st total of 265,593 shares. Based on an average daily trading volume, of 15,145 shares, the short-interest ratio is presently 11.7 days. Approximately 2.4% of the company’s shares are sold short.
Separately, TheStreet lowered shares of Core Molding Technologies from a “b” rating to a “c+” rating in a research report on Thursday, November 2nd.
Shares of Core Molding Technologies (CMT) traded down $0.17 during mid-day trading on Monday, reaching $22.30. 7,983 shares of the company traded hands, compared to its average volume of 26,631. Core Molding Technologies has a 1 year low of $14.42 and a 1 year high of $24.50.
Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.11 EPS for the quarter. Core Molding Technologies had a net margin of 2.22% and a return on equity of 3.37%. The firm had revenue of $38.49 million during the quarter.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Friday, November 17th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, November 16th. Core Molding Technologies’s dividend payout ratio (DPR) is 22.99%.
Hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in Core Molding Technologies by 1,757.9% during the second quarter. The Manufacturers Life Insurance Company now owns 5,202 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 4,922 shares during the last quarter. Strs Ohio acquired a new position in Core Molding Technologies during the second quarter worth approximately $144,000. New York State Common Retirement Fund acquired a new position in Core Molding Technologies during the second quarter worth approximately $171,000. Eagle Global Advisors LLC acquired a new position in Core Molding Technologies during the second quarter worth approximately $219,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in Core Molding Technologies during the second quarter worth approximately $268,000.
About Core Molding Technologies
Core Molding Technologies, Inc is a manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics. The Company along with its subsidiaries operates in the plastics market in a family of products known as reinforced plastics. It operates through manufacturing of SMC and molder of fiberglass reinforced plastics segment.
Receive News & Ratings for Core Molding Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core Molding Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.