Stoneridge, Inc. (NYSE:SRI) Short Interest Up 83.9% in February

Stoneridge, Inc. (NYSE:SRI) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 319,727 shares, a growth of 83.9% from the January 29th total of 173,832 shares. Based on an average daily trading volume, of 294,566 shares, the short-interest ratio is presently 1.1 days. Approximately 1.2% of the company’s stock are sold short. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 294,566 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. 22NW LP increased its holdings in shares of Stoneridge by 4.1% during the 4th quarter. 22NW LP now owns 2,192,764 shares of the auto parts company’s stock worth $12,696,000 after acquiring an additional 87,164 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Stoneridge by 3.5% in the third quarter. Vanguard Group Inc. now owns 1,514,480 shares of the auto parts company’s stock valued at $11,540,000 after purchasing an additional 51,263 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Stoneridge by 4.4% in the fourth quarter. Federated Hermes Inc. now owns 1,110,619 shares of the auto parts company’s stock valued at $6,430,000 after purchasing an additional 47,135 shares during the last quarter. AYAL Capital Advisors Ltd raised its position in shares of Stoneridge by 2.1% in the fourth quarter. AYAL Capital Advisors Ltd now owns 1,089,000 shares of the auto parts company’s stock valued at $6,305,000 after purchasing an additional 22,330 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Stoneridge by 3.0% during the 1st quarter. Millennium Management LLC now owns 954,577 shares of the auto parts company’s stock worth $4,382,000 after buying an additional 28,037 shares during the last quarter. 98.07% of the stock is currently owned by institutional investors.

Stoneridge Stock Performance

Shares of SRI stock traded up $0.03 on Friday, reaching $7.82. The stock had a trading volume of 151,284 shares, compared to its average volume of 203,720. Stoneridge has a 12 month low of $3.54 and a 12 month high of $9.71. The firm has a market capitalization of $219.12 million, a price-to-earnings ratio of -6.74 and a beta of 1.51. The firm’s 50-day moving average is $6.96 and its two-hundred day moving average is $7.01. The company has a quick ratio of 1.33, a current ratio of 2.13 and a debt-to-equity ratio of 0.68.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SRI shares. Barrington Research restated an “outperform” rating and set a $16.00 price objective on shares of Stoneridge in a research note on Monday, November 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stoneridge in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.00.

Stoneridge Company Profile

Stoneridge, Inc (NYSE: SRI) is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company’s product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.

Among Stoneridge’s core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.