Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the recipient of a large drop in short interest in the month of December. As of December 29th, there was short interest totalling 98,585 shares, a drop of 53.2% from the December 15th total of 210,817 shares. Currently, 1.4% of the shares of the 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.

Core Molding Technologies (NYSEAMERICAN CMT) opened at $20.52 on Thursday. Core Molding Technologies has a 1-year low of $14.42 and a 1-year high of $24.50. The company has a market cap of $164.40, a PE ratio of 23.59 and a beta of 0.97.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its 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 firm had revenue of $38.49 million for the quarter.

Separately, TheStreet lowered shares of Core Molding Technologies from a “b” rating to a “c+” rating in a report on Thursday, November 2nd.

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in Core Molding Technologies by 11.3% in the 2nd quarter. FMR LLC now owns 1,014,340 shares of the industrial products company’s stock valued at $21,920,000 after buying an additional 102,952 shares during the period. Vanguard Group Inc. increased its holdings in Core Molding Technologies by 5.5% in the 2nd quarter. Vanguard Group Inc. now owns 347,812 shares of the industrial products company’s stock valued at $7,516,000 after buying an additional 18,237 shares during the period. Punch & Associates Investment Management Inc. increased its holdings in Core Molding Technologies by 1.5% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 221,901 shares of the industrial products company’s stock valued at $4,795,000 after buying an additional 3,301 shares during the period. Dalton Greiner Hartman Maher & Co. increased its holdings in Core Molding Technologies by 19.2% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 195,941 shares of the industrial products company’s stock valued at $4,252,000 after buying an additional 31,559 shares during the period. Finally, Northern Trust Corp increased its holdings in Core Molding Technologies by 298.3% in the 2nd quarter. Northern Trust Corp now owns 86,879 shares of the industrial products company’s stock valued at $1,878,000 after buying an additional 65,069 shares during the period.

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About Core Molding Technologies

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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