Newest Short Interest Filing: Stoneridge Incorporated (NYSE:SRI) Could Burn Your Long Portfolio After More Shorts

November 16, 2016 - By Marguerite Chambers   ·   0 Comments

Newest Short Interest Filing: Stoneridge Incorporated (NYSE:SRI) Could Burn Your Long Portfolio After More Shorts

The stock of Stoneridge Incorporated (NYSE:SRI) registered an increase of 8.05% in short interest. SRI’s total short interest was 638,900 shares in November as published by FINRA. Its up 8.05% from 591,300 shares, reported previously. With 152,000 shares average volume, it will take short sellers 4 days to cover their SRI’s short positions. The short interest to Stoneridge Incorporated’s float is 2.44%. About 98,884 shares traded hands. Stoneridge, Inc. (NYSE:SRI) has risen 13.00% since April 14, 2016 and is uptrending. It has outperformed by 8.32% the S&P500.

Stoneridge, Inc. is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The company has a market cap of $447.17 million. The Firm operates through three divisions: Control Devices, Electronics and PST. It has a 12.81 P/E ratio. The Company’s Control Devices segment creates and makes products that monitor, measure or activate specific functions within a vehicle and includes product lines, such as sensors, switches, valves, and actuators.

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.32, from 1.26 in 2016Q1. The ratio turned negative, as 10 funds sold all Stoneridge, Inc. shares owned while 54 reduced positions. 27 funds bought stakes while 33 increased positions. They now own 24.01 million shares or 2.88% less from 24.72 million shares in 2016Q1.
Gp One Trading Limited Partnership accumulated 100 shares or 0% of the stock. Lord Abbett & Commerce Ltd Limited Liability Company last reported 226,918 shares in the company. Blackrock Institutional Trust Na accumulated 733,657 shares or 0% of the stock. First Interstate Natl Bank has 12,690 shares for 0.04% of their US portfolio. The New York-based Amer Grp has invested 0% in Stoneridge, Inc. (NYSE:SRI). Renaissance Technology Lc last reported 0.01% of its portfolio in the stock. Fincl Bank Of Mellon Corporation holds 0% of its portfolio in Stoneridge, Inc. (NYSE:SRI) for 122,615 shares. Schwab Charles Management last reported 55,700 shares in the company. Columbia Prns L L C Investment Mgmt last reported 143,247 shares in the company. Dimensional Fund Advisors Ltd Partnership has 1.45 million shares for 0.01% of their US portfolio. Kcg Hldgs Inc accumulated 0.01% or 16,534 shares. Jpmorgan Chase accumulated 0% or 927,467 shares. Moreover, State Board Of Administration Of Florida Retirement has 0% invested in Stoneridge, Inc. (NYSE:SRI) for 25,389 shares. Pzena Ltd accumulated 1.87M shares or 0.18% of the stock. Barclays Public Limited Co accumulated 0% or 13,138 shares.

Insider Transactions: Since August 5, 2016, the stock had 0 buys, and 4 insider sales for $1.19 million net activity. 6,771 Stoneridge, Inc. (NYSE:SRI) shares with value of $121,539 were sold by Adante Richard P.. Another trade for 40,000 shares valued at $730,040 was made by BEAVER THOMAS A on Thursday, September 8.

Stoneridge, Inc. (NYSE:SRI) Ratings Coverage

Out of 2 analysts covering Stoneridge (NYSE:SRI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Stoneridge has been the topic of 5 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, May 31 by Sidoti. On Monday, September 28 the stock rating was upgraded by BB&T Capital to “Buy”. The company was upgraded on Friday, July 31 by B. Riley & Co.

SRI Company Profile

Stoneridge, Inc., incorporated on October 19, 1988, is a designer and maker of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Firm operates through three divisions: Control Devices, Electronics and PST. The Firm operates in approximately 30 locations in over 10 countries.

More notable recent Stoneridge, Inc. (NYSE:SRI) news were published by: Prnewswire.com which released: “Stoneridge, Inc. To Broadcast Its Third-Quarter 2016 Conference Call On The Web” on October 07, 2016, also Prnewswire.com with their article: “Stoneridge Appoints Robert R. Krakowiak As Chief Financial Officer And Treasurer” published on August 29, 2016, Blogs.Wsj.com published: “CFO Moves: Deluxe Corp., Stoneridge Inc.” on August 30, 2016. More interesting news about Stoneridge, Inc. (NYSE:SRI) were released by: Crainscleveland.com and their article: “Stoneridge Inc. to move corporate HQ to Michigan” published on March 22, 2016 as well as Nasdaq.com‘s news article titled: “Stoneridge Inc. Reports 39% Advance In Q3 Profit” with publication date: October 27, 2016.

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By Marguerite Chambers


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