Short Interest in Superior Industries International, Inc. (NYSE:SUP) Decreases By 15.4%

Superior Industries International, Inc. (NYSE:SUP) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 64,100 shares, a drop of 15.4% from the October 31st total of 75,800 shares. Based on an average trading volume of 76,100 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Trading of Superior Industries International

A hedge fund recently raised its stake in Superior Industries International stock. Squarepoint Ops LLC increased its position in shares of Superior Industries International, Inc. (NYSE:SUP) by 818.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 782,531 shares of the auto parts company’s stock after buying an additional 697,367 shares during the quarter. Squarepoint Ops LLC owned 2.74% of Superior Industries International worth $2,645,000 as of its most recent SEC filing. 56.20% of the stock is owned by institutional investors.

Superior Industries International Price Performance

Shares of Superior Industries International stock opened at $2.37 on Monday. The company has a market capitalization of $68.47 million, a P/E ratio of -0.60 and a beta of 3.50. The business has a 50-day moving average of $2.73 and a two-hundred day moving average of $3.10. Superior Industries International has a 1 year low of $2.10 and a 1 year high of $4.57.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Superior Industries International from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th.

About Superior Industries International

Superior Industries International, Inc, together with its subsidiaries, designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.