Posted by admin on Jun 16th, 2022

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT – Get Rating) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 14,400 shares, a decrease of 20.4% from the May 15th total of 18,100 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 13,300 shares, the short-interest ratio is currently 1.1 days.

Shares of NYSEAMERICAN CMT traded up $0.09 during mid-day trading on Thursday, hitting $9.29. The company had a trading volume of 7,150 shares, compared to its average volume of 12,432. The stock has a market capitalization of $80.80 million, a price-to-earnings ratio of 24.45 and a beta of 2.15. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.50 and a quick ratio of 1.02. Core Molding Technologies has a one year low of $7.96 and a one year high of $17.35.

Institutional investors have recently bought and sold shares of the stock. Heartland Advisors Inc. lifted its position in Core Molding Technologies by 41.7% during the fourth quarter. Heartland Advisors Inc. now owns 425,000 shares of the industrial products company’s stock worth $3,617,000 after acquiring an additional 125,000 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Core Molding Technologies by 34.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 70,966 shares of the industrial products company’s stock valued at $764,000 after buying an additional 18,270 shares in the last quarter. BlackRock Inc. raised its position in shares of Core Molding Technologies by 14.3% in the fourth quarter. BlackRock Inc. now owns 63,470 shares of the industrial products company’s stock valued at $540,000 after buying an additional 7,939 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Core Molding Technologies by 11.2% in the third quarter. Geode Capital Management LLC now owns 55,200 shares of the industrial products company’s stock valued at $635,000 after buying an additional 5,568 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Core Molding Technologies in the first quarter valued at approximately $230,000. Institutional investors and hedge funds own 42.65% of the company’s stock.

Core Molding Technologies Company Profile (Get Rating)

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.

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