Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Short Interest Up 6.4% in November

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 183,700 shares, a growth of 6.4% from the October 31st total of 172,700 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 36,100 shares, the days-to-cover ratio is currently 5.1 days.

Insider Buying and Selling at Core Molding Technologies

In related news, CFO John P. Zimmer sold 7,600 shares of Core Molding Technologies stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $17.78, for a total transaction of $135,128.00. Following the completion of the transaction, the chief financial officer now directly owns 107,959 shares of the company’s stock, valued at $1,919,511.02. This trade represents a 6.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 9,291 shares of company stock valued at $165,666 in the last 90 days. 13.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Core Molding Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new position in Core Molding Technologies in the second quarter valued at $27,000. LSV Asset Management acquired a new stake in shares of Core Molding Technologies in the second quarter valued at about $36,000. MetLife Investment Management LLC raised its holdings in Core Molding Technologies by 131.0% during the third quarter. MetLife Investment Management LLC now owns 4,460 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 2,529 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Core Molding Technologies in the first quarter valued at approximately $155,000. Finally, Barclays PLC increased its position in shares of Core Molding Technologies by 278.9% during the 3rd quarter. Barclays PLC now owns 9,942 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 7,318 shares during the last quarter. 58.79% of the stock is currently owned by institutional investors and hedge funds.

Core Molding Technologies Trading Down 1.5 %

Shares of CMT traded down $0.26 on Tuesday, reaching $16.81. 11,567 shares of the company’s stock were exchanged, compared to its average volume of 43,658. Core Molding Technologies has a 12 month low of $14.64 and a 12 month high of $21.00. The company has a market cap of $150.62 million, a price-to-earnings ratio of 9.34 and a beta of 1.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.41 and a quick ratio of 1.98.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13. The company had revenue of $72.99 million during the quarter, compared to analysts’ expectations of $71.57 million. Core Molding Technologies had a return on equity of 10.76% and a net margin of 4.95%. On average, sell-side analysts anticipate that Core Molding Technologies will post 1.64 earnings per share for the current year.

About Core Molding Technologies

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.