Core Molding Technologies, Inc. (CMT) Short Interest Down 17.1% in December

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 210,817 shares, a drop of 17.1% from the November 30th total of 254,208 shares. Based on an average daily volume of 28,084 shares, the short-interest ratio is presently 7.5 days. Currently, 2.9% of the company’s shares are sold short.

Several large investors have recently modified their holdings of CMT. Strs Ohio purchased a new position in shares of Core Molding Technologies during the second quarter worth approximately $144,000. Schwab Charles Investment Management Inc. purchased a new position in Core Molding Technologies during the second quarter valued at approximately $268,000. Bank of New York Mellon Corp increased its holdings in Core Molding Technologies by 156.4% during the second quarter. Bank of New York Mellon Corp now owns 32,521 shares of the industrial products company’s stock valued at $703,000 after buying an additional 19,839 shares during the period. Seizert Capital Partners LLC increased its holdings in Core Molding Technologies by 5.2% during the second quarter. Seizert Capital Partners LLC now owns 27,911 shares of the industrial products company’s stock valued at $603,000 after buying an additional 1,371 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Core Molding Technologies by 18.8% during the second quarter. Wells Fargo & Company MN now owns 69,156 shares of the industrial products company’s stock valued at $1,494,000 after buying an additional 10,936 shares during the period.

Shares of Core Molding Technologies (CMT) opened at $23.01 on Thursday. The stock has a market cap of $167.55, a PE ratio of 26.45 and a beta of 0.98. 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 quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.11 earnings per share (EPS) for the quarter. The business 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 was paid on Tuesday, November 28th. Stockholders of record on Friday, November 17th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, November 16th. Core Molding Technologies’s dividend payout ratio (DPR) is presently 22.99%.

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

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Core Molding Technologies Company Profile

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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