Shiloh Industries, Inc. (NASDAQ:SHLO) Short Interest Update

Shiloh Industries, Inc. (NASDAQ:SHLO) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 198,900 shares, a decline of 8.8% from the September 30th total of 218,000 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 33,700 shares, the days-to-cover ratio is currently 5.9 days.

Several large investors have recently bought and sold shares of the company. RBF Capital LLC purchased a new stake in Shiloh Industries in the 2nd quarter worth $2,248,000. Weber Alan W increased its holdings in Shiloh Industries by 36.4% in the 2nd quarter. Weber Alan W now owns 1,407,908 shares of the basic materials company’s stock worth $6,857,000 after acquiring an additional 375,388 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Shiloh Industries in the 2nd quarter worth $324,000. Renaissance Technologies LLC increased its holdings in Shiloh Industries by 25.3% in the 2nd quarter. Renaissance Technologies LLC now owns 314,811 shares of the basic materials company’s stock worth $1,533,000 after acquiring an additional 63,600 shares in the last quarter. Finally, Alambic Investment Management L.P. purchased a new stake in Shiloh Industries in the 2nd quarter worth $186,000. 43.56% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:SHLO traded down $0.12 during trading on Monday, hitting $3.63. 28,600 shares of the stock traded hands, compared to its average volume of 49,368. The company has a quick ratio of 1.03, a current ratio of 1.34 and a debt-to-equity ratio of 1.30. The company has a market cap of $86.36 million, a price-to-earnings ratio of 5.85, a P/E/G ratio of 0.96 and a beta of 1.70. The company has a fifty day moving average price of $3.89 and a two-hundred day moving average price of $4.54. Shiloh Industries has a 52-week low of $3.57 and a 52-week high of $8.73.

Shiloh Industries (NASDAQ:SHLO) last posted its earnings results on Thursday, September 5th. The basic materials company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $263.45 million during the quarter. Shiloh Industries had a negative net margin of 1.35% and a positive return on equity of 0.16%. On average, equities research analysts predict that Shiloh Industries will post 0.25 EPS for the current fiscal year.

SHLO has been the subject of several recent research reports. TheStreet lowered shares of Shiloh Industries from a “c-” rating to a “d” rating in a report on Wednesday, August 14th. Bank of America raised shares of Shiloh Industries from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. ValuEngine raised shares of Shiloh Industries from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of Shiloh Industries from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th.

Shiloh Industries Company Profile

Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting solutions to automotive and commercial vehicle markets worldwide. The company produces components primarily for body structure, chassis, and propulsion systems. Its solution materials include aluminum, magnesium, steel, high strength steel alloys, and acoustic laminates; body structure components comprise shock towers, instrument panels/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, liftgates, door inners, roof supports/roof panels, dashpanels, and body sides; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers, ptu covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, steering pumps, brake components, wheel blanks, and flanges.

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