Short Interest Coverage: Cts Corporation (NYSE:CTS) Stock Is Shorted More

November 29, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Coverage: Cts Corporation (NYSE:CTS) Stock Is Shorted More

The stock of Cts Corporation (NYSE:CTS) registered an increase of 9.56% in short interest. CTS’s total short interest was 614,200 shares in November as published by FINRA. Its up 9.56% from 560,600 shares, reported previously. With 81,500 shares average volume, it will take short sellers 8 days to cover their CTS’s short positions. The short interest to Cts Corporation’s float is 2.17%. The stock closed at $22.45 during the last session. It is down 33.55% since April 26, 2016 and is uptrending. It has outperformed by 28.29% the S&P500.

CTS Corporation is a global manufacturer of sensors, electronic components and actuators. The company has a market cap of $733.83 million. The Firm designs, makes and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the automotive, communications, defense and aerospace, medical, industrial and computer markets. It has a 61.14 P/E ratio. The Company’s other products include Mechatronics and Micro-mechatronics, Frequency Products and Filters, Electro Ceramics, and Electronic Components and Modules.

Insitutional Activity: The institutional sentiment increased to 1.32 in 2016 Q2. Its up 0.34, from 0.98 in 2016Q1. The ratio is positive, as 6 funds sold all CTS Corporation shares owned while 37 reduced positions. 9 funds bought stakes while 33 increased positions. They now own 29.83 million shares or 0.18% less from 29.88 million shares in 2016Q1.
Moreover, Gamco Invsts Et Al has 0.29% invested in CTS Corporation (NYSE:CTS) for 2.48 million shares. Moreover, Prudential Fincl has 0% invested in CTS Corporation (NYSE:CTS) for 79,175 shares. Texas Permanent School Fund accumulated 25,048 shares or 0.01% of the stock. Blackrock Incorporated last reported 0% of its portfolio in the stock. Wedge L Lp Nc has invested 0.01% of its portfolio in CTS Corporation (NYSE:CTS). Strs Ohio last reported 0% of its portfolio in the stock. Teton Advsr last reported 0.56% of its portfolio in the stock. Pub Employees Retirement Association Of Colorado reported 239,298 shares or 0.04% of all its holdings. Bancorp Of America Corporation De owns 2,013 shares or 0% of their US portfolio. Pacific Ridge Capital Prtn Llc accumulated 28,710 shares or 0.23% of the stock. Los Angeles Equity Rech has invested 0.01% of its portfolio in CTS Corporation (NYSE:CTS). The Delaware-based Blackrock Advsrs Ltd Liability has invested 0% in CTS Corporation (NYSE:CTS). Rhumbline Advisers holds 52,218 shares or 0% of its portfolio. Ls Inv Advsr Lc has 0% invested in the company for 1,142 shares. Credit Suisse Ag has 30,148 shares for 0% of their US portfolio.

Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 1 insider sale for $43,313 net activity. Another trade for 2,250 shares valued at $43,313 was sold by Agrawal Ashish.

CTS Corporation (NYSE:CTS) Ratings Coverage

Out of 2 analysts covering CTS Corp (NYSE:CTS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. CTS Corp has been the topic of 2 analyst reports since July 29, 2015 according to StockzIntelligence Inc. On Wednesday, July 29 the stock rating was downgraded by Gabelli to “Hold”.

CTS Company Profile

CTS Corporation, incorporated on February 8, 1929, is a maker of sensors, electronic components and actuators. The Firm designs, makes and sells a range of sensors, electronic components and actuators to original equipment manufacturers (OEMs) for the transportation, communications, defense and aerospace, medical, industrial, and information technology markets. The Company’s products consist of automotive sensors and actuators used in passenger or commercial vehicles; electronic components used in communications infrastructure, information technology and other applications, switches, and potentiometers supplied to various markets, and fabricated piezoelectric materials and substrates used in medical, industrial, defense and aerospace, and information technology markets. The Firm operates manufacturing facilities located throughout North America, Asia and Europe and serves other markets across the world.

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By Marie Mckinney


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