Stoneridge, Inc. (NYSE:SRI) Short Interest Up 69.6% in March

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Stoneridge, Inc. (NYSE:SRI) experienced a significant 69.6% increase in short interest in March, totaling 525,006 shares, with a days-to-cover ratio of 1.7. Analyst sentiment is predominantly negative, resulting in a “Reduce” consensus rating and a price target of $16, despite institutional investors holding around 98% of the stock. The company’s shares traded down to $4.85 following a quarterly report that missed EPS and revenue estimates, showing negative return on equity and net margin.

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