Stoneridge, Inc. (NYSE:SRI) Short Interest Update

Stoneridge, Inc. (NYSE:SRI) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 319,727 shares, a growth of 83.9% from the January 29th total of 173,832 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 294,566 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 294,566 shares, the short-interest ratio is presently 1.1 days. Currently, 1.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Stoneridge

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its position in shares of Stoneridge by 213.7% in the first quarter. AQR Capital Management LLC now owns 533,470 shares of the auto parts company’s stock valued at $2,449,000 after purchasing an additional 363,407 shares during the period. Millennium Management LLC grew its stake in Stoneridge by 3.0% in the 1st quarter. Millennium Management LLC now owns 954,577 shares of the auto parts company’s stock valued at $4,382,000 after buying an additional 28,037 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Stoneridge by 55.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 490,160 shares of the auto parts company’s stock worth $2,250,000 after acquiring an additional 175,736 shares during the period. Strs Ohio acquired a new position in Stoneridge during the 1st quarter worth $39,000. Finally, CWM LLC boosted its holdings in Stoneridge by 38.4% during the second quarter. CWM LLC now owns 17,783 shares of the auto parts company’s stock valued at $125,000 after acquiring an additional 4,934 shares during the period. Institutional investors own 98.07% of the company’s stock.

Wall Street Analyst Weigh In

SRI has been the subject of a number of recent analyst reports. Barrington Research reiterated an “outperform” rating and issued a $16.00 price target on shares of Stoneridge in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stoneridge in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.00.

Stoneridge Stock Performance

SRI stock opened at $7.82 on Monday. The company has a quick ratio of 1.33, a current ratio of 2.13 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $219.12 million, a price-to-earnings ratio of -6.74 and a beta of 1.45. Stoneridge has a 12 month low of $3.54 and a 12 month high of $9.71. The firm has a 50 day moving average of $6.96 and a two-hundred day moving average of $7.00.

Stoneridge Company Profile

Stoneridge, Inc (NYSE: SRI) is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company’s product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.

Among Stoneridge’s core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.