Short Interest in Supreme Industries, Inc. (STS) Expands By 6.5%
Supreme Industries, Inc. (NYSE:STS) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 464,301 shares, an increase of 6.5% from the July 14th total of 435,972 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily trading volume, of 99,321 shares, the days-to-cover ratio is presently 4.7 days.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP boosted its position in Supreme Industries by 83.9% in the second quarter. Royce & Associates LP now owns 2,309,426 shares of the consumer goods maker’s stock valued at $37,990,000 after buying an additional 1,053,747 shares in the last quarter. First Manhattan Co. boosted its position in Supreme Industries by 13.8% in the second quarter. First Manhattan Co. now owns 641,081 shares of the consumer goods maker’s stock valued at $10,545,000 after buying an additional 77,512 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Supreme Industries by 290.1% in the second quarter. JPMorgan Chase & Co. now owns 58,638 shares of the consumer goods maker’s stock valued at $965,000 after buying an additional 43,607 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Supreme Industries during the second quarter valued at about $452,000. Finally, Bowling Portfolio Management LLC boosted its position in Supreme Industries by 52.0% in the second quarter. Bowling Portfolio Management LLC now owns 65,161 shares of the consumer goods maker’s stock valued at $1,072,000 after buying an additional 22,304 shares in the last quarter.
STS has been the subject of a number of research analyst reports. ValuEngine cut Supreme Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub cut Supreme Industries from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th.
Supreme Industries (NYSE STS) traded up 35.42% during midday trading on Wednesday, reaching $20.95. The company’s stock had a trading volume of 3,788,428 shares. The stock’s 50-day moving average price is $15.93 and its 200 day moving average price is $18.19. Supreme Industries has a 1-year low of $11.03 and a 1-year high of $22.00. The firm has a market capitalization of $359.40 million and a PE ratio of 23.67.
Supreme Industries (NYSE:STS) last released its quarterly earnings data on Monday, July 31st. The consumer goods maker reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.08. The business had revenue of $95.50 million for the quarter, compared to analyst estimates of $113.06 million. Supreme Industries had a return on equity of 7.31% and a net margin of 2.71%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 earnings per share. Equities analysts anticipate that Supreme Industries will post $1.15 EPS for the current fiscal year.
About Supreme Industries
Supreme Industries, Inc (Supreme) is a manufacturer of specialized vehicles, including truck bodies and specialty vehicles. The Company operates through two segments: specialized commercial vehicles and fiberglass products. The Company manufactures specialized commercial vehicles that are attached to a truck chassis.
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