Core Molding Technologies, Inc. (CMT) Short Interest Up 47.1% in October

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 265,593 shares, a growth of 47.1% from the October 13th total of 180,579 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,659 shares, the short-interest ratio is presently 14.2 days.

Separately, TheStreet lowered shares of Core Molding Technologies from a “b” rating to a “c+” rating in a research report on Thursday, November 2nd.

Core Molding Technologies (NYSEAMERICAN:CMT) opened at $20.73 on Thursday. Core Molding Technologies has a 12-month low of $14.42 and a 12-month high of $24.50.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $38.49 million during the quarter. Core Molding Technologies had a net margin of 2.22% and a return on equity of 3.37%.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Friday, November 17th will be given a $0.05 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.96%. Core Molding Technologies’s dividend payout ratio is presently 22.99%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Core Molding Technologies by 11.3% during the 2nd quarter. FMR LLC now owns 1,014,340 shares of the industrial products company’s stock valued at $21,920,000 after purchasing an additional 102,952 shares in the last quarter. State Street Corp bought a new position in shares of Core Molding Technologies during the 2nd quarter valued at about $1,647,000. Northern Trust Corp boosted its position in shares of Core Molding Technologies by 298.3% during the 2nd quarter. Northern Trust Corp now owns 86,879 shares of the industrial products company’s stock valued at $1,878,000 after purchasing an additional 65,069 shares in the last quarter. Granite Investment Partners LLC boosted its position in shares of Core Molding Technologies by 72.5% during the 2nd quarter. Granite Investment Partners LLC now owns 78,774 shares of the industrial products company’s stock valued at $1,702,000 after purchasing an additional 33,113 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Core Molding Technologies by 156.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,521 shares of the industrial products company’s stock valued at $703,000 after purchasing an additional 19,839 shares in the last quarter.

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About Core Molding Technologies

Core Molding Technologies, Inc is a manufacturer of sheet molding compound (SMC) and molder of fiberglass reinforced plastics. The Company along with its subsidiaries operates in the plastics market in a family of products known as reinforced plastics. It operates through manufacturing of SMC and molder of fiberglass reinforced plastics segment.

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