Standard Motor Products, Inc. (NYSE:SMP) was the recipient of a significant growth in short interest in the month of February. As of February 26th, there was short interest totalling 273,900 shares, a growth of 53.2% from the February 11th total of 178,800 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average trading volume of 172,000 shares, the days-to-cover ratio is presently 1.6 days.
SMP stock opened at $44.57 on Monday. Standard Motor Products has a 1 year low of $33.94 and a 1 year high of $55.29. The firm has a 50-day moving average of $42.14 and a 200 day moving average of $44.92. The company has a market cap of $996.45 million, a P/E ratio of 17.01 and a beta of 0.47.
Standard Motor Products (NYSE:SMP) last announced its earnings results on Tuesday, February 23rd. The auto parts company reported $1.08 earnings per share (EPS) for the quarter,…
