Superior Industries International, Inc. (NYSE:SUP) Short Interest Down 28.6% in October

Superior Industries International, Inc. (NYSE:SUP) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 78,600 shares, a decline of 28.6% from the October 15th total of 110,100 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 87,900 shares, the short-interest ratio is presently 0.9 days.

Insider Transactions at Superior Industries International

In related news, major shareholder Mill Road Capital Iii, L.P. purchased 11,020 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average price of $3.56 per share, for a total transaction of $39,231.20. Following the transaction, the insider now directly owns 4,330,940 shares of the company’s stock, valued at approximately $15,418,146.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have bought 30,322 shares of company stock worth $108,912. Corporate insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Superior Industries International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new position in Superior Industries International during the 3rd quarter worth approximately $32,000. Tower Research Capital LLC TRC increased its position in Superior Industries International by 868.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 10,222 shares of the auto parts company’s stock worth $51,000 after purchasing an additional 9,166 shares during the period. Atria Wealth Solutions Inc. acquired a new position in Superior Industries International during the 1st quarter worth approximately $52,000. Moneta Group Investment Advisors LLC acquired a new position in Superior Industries International during the 1st quarter worth approximately $69,000. Finally, Virtu Financial LLC purchased a new stake in shares of Superior Industries International during the 1st quarter worth approximately $92,000. Institutional investors and hedge funds own 43.80% of the company’s stock.

Superior Industries International Stock Performance

NYSE SUP opened at $2.61 on Friday. The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 25.43. The business’s 50 day moving average is $2.95 and its two-hundred day moving average is $3.45. Superior Industries International has a 12-month low of $2.49 and a 12-month high of $7.38. The stock has a market capitalization of $73.31 million, a price-to-earnings ratio of -0.65 and a beta of 3.72.

Analyst Ratings Changes

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

Superior Industries International Company Profile

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.