Short Interest in Rogers Corporation (NYSE:ROG) Drops By 18.0%

Rogers Corporation (NYSE:ROG) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 615,959 shares, a decline of 18.0% from the January 15th total of 751,064 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily volume of 171,428 shares, the days-to-cover ratio is currently 3.6 days. Based on an average daily volume of 171,428 shares, the days-to-cover ratio is currently 3.6 days. Approximately 3.5% of the company’s stock are short sold.

Rogers Stock Performance

Shares of Rogers stock traded down $1.31 during mid-day trading on Monday, hitting $107.67. 201,940 shares of the stock were exchanged, compared to its average volume of 156,594. Rogers has a 12 month low of $51.43 and a 12 month high of $112.81. The company has a 50-day simple moving average of $97.18 and a 200 day simple moving average of $86.55. The company has a market capitalization of $1.94 billion, a P/E ratio of -29.66 and a beta of 0.40.

Institutional Trading of Rogers

Hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of Rogers by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,704 shares of the electronics maker’s stock worth $453,000 after purchasing an additional 130 shares during the last quarter. Signaturefd LLC grew its holdings in Rogers by 4.1% during the fourth quarter. Signaturefd LLC now owns 3,343 shares of the electronics maker’s stock valued at $306,000 after purchasing an additional 133 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Rogers by 1.9% during the third quarter. Illinois Municipal Retirement Fund now owns 8,728 shares of the electronics maker’s stock valued at $702,000 after purchasing an additional 161 shares during the period. Squarepoint Ops LLC increased its position in Rogers by 0.6% in the third quarter. Squarepoint Ops LLC now owns 29,294 shares of the electronics maker’s stock worth $2,357,000 after buying an additional 162 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Rogers by 6.1% during the 4th quarter. Cerity Partners LLC now owns 2,870 shares of the electronics maker’s stock valued at $263,000 after buying an additional 166 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

ROG has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Rogers from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Zacks Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. B. Riley Financial reissued a “buy” rating on shares of Rogers in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Rogers in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rogers presently has a consensus rating of “Hold” and an average price target of $85.00.

Rogers Company Profile

Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.

Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.