Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) saw a large decrease in short interest in December. As of December 29th, there was short interest totalling 98,585 shares, a decrease of 53.2% from the December 15th total of 210,817 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 21,104 shares, the days-to-cover ratio is presently 4.7 days.
Separately, TheStreet downgraded shares of Core Molding Technologies from a “b” rating to a “c+” rating in a research report on Thursday, November 2nd.
Institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in shares of Core Molding Technologies by 1,757.9% during the 2nd 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. New York State Common Retirement Fund acquired a new position in shares of Core Molding Technologies during the 2nd quarter worth $171,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Core Molding Technologies during the 2nd quarter worth $268,000. California State Teachers Retirement System acquired a new position in shares of Core Molding Technologies during the 2nd quarter worth $281,000. Finally, Teachers Advisors LLC acquired a new position in shares of Core Molding Technologies during the 2nd quarter worth $283,000.
Core Molding Technologies (NYSEAMERICAN:CMT) last announced 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 company had revenue of $38.49 million for the quarter.
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Core Molding Technologies Company Profile
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.
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