Superior Industries International, Inc. (NYSE:SUP) Short Interest Update

Superior Industries International, Inc. (NYSE:SUPGet Free Report) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 42,600 shares, a decrease of 53.7% from the January 15th total of 92,100 shares. Based on an average daily trading volume, of 53,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Superior Industries International from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd.

Check Out Our Latest Analysis on Superior Industries International

Superior Industries International Trading Up 2.8 %

Superior Industries International stock traded up $0.09 during trading hours on Monday, hitting $3.33. The stock had a trading volume of 40,939 shares, compared to its average volume of 50,101. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 25.43. The stock has a market cap of $93.54 million, a price-to-earnings ratio of -0.83 and a beta of 3.66. Superior Industries International has a one year low of $2.49 and a one year high of $7.38. The business’s 50 day simple moving average is $3.13 and its 200-day simple moving average is $3.12.

Hedge Funds Weigh In On Superior Industries International

A number of hedge funds have recently made changes to their positions in SUP. UBS Group AG raised its position in shares of Superior Industries International by 55.4% during the first quarter. UBS Group AG now owns 49,535 shares of the auto parts company’s stock worth $230,000 after acquiring an additional 17,657 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Superior Industries International during the first quarter worth about $52,000. State Street Corp raised its position in shares of Superior Industries International by 3.6% during the first quarter. State Street Corp now owns 108,182 shares of the auto parts company’s stock worth $504,000 after acquiring an additional 3,723 shares during the last quarter. Northern Trust Corp raised its position in shares of Superior Industries International by 9.3% during the second quarter. Northern Trust Corp now owns 59,044 shares of the auto parts company’s stock worth $233,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Superior Industries International by 3.1% during the second quarter. Renaissance Technologies LLC now owns 946,309 shares of the auto parts company’s stock worth $3,738,000 after acquiring an additional 28,300 shares during the last quarter. 43.80% of the stock is currently owned by institutional investors.

About Superior Industries International

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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.

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