Cooper-Standard Holdings Inc. (NYSE:CPS) Short Interest Update

Cooper-Standard Holdings Inc. (NYSE:CPS) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 960,100 shares, a decrease of 10.3% from the March 15th total of 1,070,000 shares. Based on an average daily volume of 167,800 shares, the short-interest ratio is presently 5.7 days. Currently, 5.8% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Monday.

Cooper-Standard Stock Down 4.1 %

Shares of CPS stock opened at $15.44 on Wednesday. The stock has a 50 day simple moving average of $15.59 and a 200-day simple moving average of $16.12. Cooper-Standard has a 1-year low of $9.86 and a 1-year high of $22.74.

Cooper-Standard (NYSE:CPS) last announced its earnings results on Thursday, February 15th. The auto parts company reported ($1.79) earnings per share for the quarter. The firm had revenue of $673.64 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CPS. Charles Schwab Investment Management Inc. raised its stake in Cooper-Standard by 21.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,635,351 shares of the auto parts company’s stock valued at $14,816,000 after purchasing an additional 284,227 shares during the last quarter. Vanguard Group Inc. raised its stake in Cooper-Standard by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 871,587 shares of the auto parts company’s stock valued at $17,031,000 after purchasing an additional 23,979 shares during the last quarter. BlackRock Inc. raised its stake in Cooper-Standard by 25.5% in the 2nd quarter. BlackRock Inc. now owns 803,007 shares of the auto parts company’s stock valued at $11,451,000 after purchasing an additional 162,959 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Cooper-Standard by 40.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 565,355 shares of the auto parts company’s stock valued at $5,122,000 after purchasing an additional 163,711 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Cooper-Standard by 0.4% in the 3rd quarter. Acadian Asset Management LLC now owns 512,699 shares of the auto parts company’s stock valued at $6,878,000 after purchasing an additional 2,124 shares during the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.