Short Interest To Observe: Cooper Tire & Rubr Company (NYSE:CTB) Shorted Shares Increased By 17.23%

November 30, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest To Observe: Cooper Tire & Rubr Company (NYSE:CTB) Shorted Shares Increased By 17.23%

The stock of Cooper Tire & Rubr Company (NYSE:CTB) registered an increase of 17.23% in short interest. CTB’s total short interest was 4.41M shares in November as published by FINRA. Its up 17.23% from 3.76M shares, reported previously. With 710,000 shares average volume, it will take short sellers 6 days to cover their CTB’s short positions. The short interest to Cooper Tire & Rubr Company’s float is 8.43%. The stock increased 1.16% or $0.45 during the last trading session, hitting $39.25. Cooper Tire & Rubber Co (NYSE:CTB) has risen 9.27% since April 27, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.

Cooper Tire & Rubber Company is a maker and marketer of replacement tires. The company has a market cap of $2.07 billion. The Firm specializes in the design, manufacture, marketing and sales of passenger car and light truck tires. It has a 9.19 P/E ratio. Cooper and its subsidiaries sell medium truck, motorcycle and racing tires.

Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.03, from 0.88 in 2016Q1. The ratio dived, as 28 funds sold all Cooper Tire & Rubber Co shares owned while 85 reduced positions. 26 funds bought stakes while 74 increased positions. They now own 44.64 million shares or 11.89% less from 50.67 million shares in 2016Q1.
Interest Grp Incorporated has invested 0% of its portfolio in Cooper Tire & Rubber Co (NYSE:CTB). Hbk Invests L P accumulated 0.04% or 145,500 shares. State Board Of Administration Of Florida Retirement System last reported 40,655 shares in the company. Malaga Cove Cap Limited Co has invested 2.01% of its portfolio in Cooper Tire & Rubber Co (NYSE:CTB). First Mercantile Tru Com, a Tennessee-based fund reported 2,500 shares. Lsv Asset owns 2.80 million shares or 0.17% of their US portfolio. Wellington Mngmt Gru Llp accumulated 139,692 shares or 0% of the stock. D E Shaw & Company Inc owns 52,982 shares or 0% of their US portfolio. Guggenheim Capital Limited Liability Co holds 0% or 15,135 shares in its portfolio. Mutual Of America Capital Management Lc has 0.04% invested in the company for 62,500 shares. Blackrock has 0% invested in the company for 16,143 shares. The New York-based Morgan Stanley has invested 0% in Cooper Tire & Rubber Co (NYSE:CTB). Amer National Tx reported 22,000 shares or 0.04% of all its holdings. Tower Cap Ltd (Trc) owns 9,742 shares or 0.03% of their US portfolio. The Illinois-based Ubs Oconnor Lc has invested 0% in Cooper Tire & Rubber Co (NYSE:CTB).

Insider Transactions: Since November 16, 2016, the stock had 0 insider buys, and 1 insider sale for $151,443 net activity. On Wednesday, November 16 HOLLAND JOHN J sold $151,443 worth of the stock or 4,000 shares.

Cooper Tire & Rubber Co (NYSE:CTB) Ratings Coverage

Out of 7 analysts covering Cooper Tire (NYSE:CTB), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Cooper Tire has been the topic of 15 analyst reports since August 7, 2015 according to StockzIntelligence Inc. On Thursday, February 25 the stock rating was upgraded by Goldman Sachs to “Neutral”. The firm has “Buy” rating given on Friday, May 27 by Standpoint Research. The rating was maintained by Deutsche Bank with “Hold” on Friday, August 7. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Thursday, April 7. On Friday, August 7 the stock rating was maintained by Deutsche Bank with “Hold”. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, May 3. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, November 3 report. On Tuesday, October 20 the stock rating was initiated by Jefferies with “Hold”. The stock has “Neutral” rating given by JP Morgan on Monday, May 2. As per Wednesday, November 16, the company rating was reinitiated by KeyBanc Capital Markets.

CTB Company Profile

Cooper Tire & Rubber Company (Cooper), incorporated on March 26, 1930, is a maker and marketer of replacement tires. The Firm specializes in the design, manufacture, marketing and sales of passenger car and light truck tires. Cooper and its subsidiaries also sell medium truck, motorcycle and racing tires. The Firm is organized into four business divisions: North America, composed of the Company’s activities in the United States and Canada; Latin America, composed of the Company’s activities in Mexico, Central America and South America; Europe, and Asia. The North America and Latin America divisions are similar in their production and distribution processes, and are presented as the Americas Tire Operations segment. The results of the combined Asia and Europe divisions are presented as International Tire Operations segment. Cooper and its family of companies operate approximately eight manufacturing facilities and over 20 distribution centers in over 10 countries.

More important recent Cooper Tire & Rubber Co (NYSE:CTB) news were published by: Investorplace.com which released: “Cooper Tire & Rubber Co Stock Rolls on For Investors (CTB)” on October 20, 2016, also Nasdaq.com published article titled: “Ex-Dividend Reminder: Cooper Tire & Rubber, Churchill Downs and DeVry …”, Businesswire.com published: “Cooper Tire & Rubber Company Declares 179th Consecutive Quarterly Dividend” on October 14, 2016. More interesting news about Cooper Tire & Rubber Co (NYSE:CTB) was released by: Businesswire.com and their article: “Cooper Tire & Rubber Company Declares 178th Consecutive Quarterly Dividend” with publication date: August 03, 2016.

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By Hazel Jackson


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