Could Cts Corporation (NYSE:CTS) Change Direction After More Shorts?

April 20, 2018 - By Henry Gaston

Investors sentiment increased to 1.43 in Q4 2017. Its up 0.28, from 1.15 in 2017Q3. It increased, as 7 investors sold CTS Corporation shares while 35 reduced holdings. 22 funds opened positions while 38 raised stakes. 31.05 million shares or 0.78% more from 30.81 million shares in 2017Q3 were reported.
Alliancebernstein Ltd Partnership stated it has 0% of its portfolio in CTS Corporation (NYSE:CTS). 99,536 are held by Morgan Stanley. Employees Retirement Association Of Colorado owns 237,223 shares. Stone Ridge Asset Mgmt Lc, a New York-based fund reported 27,622 shares. Los Angeles & Equity Research Incorporated reported 40,766 shares. Arizona State Retirement System invested in 55,359 shares. Schwab Charles Investment Mngmt Inc accumulated 160,295 shares or 0% of the stock. Wedge L Limited Partnership Nc holds 0.01% or 60,150 shares. Northern Trust Corporation accumulated 1.24 million shares or 0.01% of the stock. Moreover, Brown Advisory has 0.12% invested in CTS Corporation (NYSE:CTS) for 1.47M shares. 2,562 are held by Ameritas Partners. 28,046 were accumulated by Ajo L P. Wells Fargo & Mn has invested 0% in CTS Corporation (NYSE:CTS). Bessemer Group Incorporated accumulated 20,700 shares. 25,533 are held by American Grp Inc.

The stock of Cts Corporation (NYSE:CTS) registered an increase of 13.77% in short interest. CTS’s total short interest was 470,000 shares in April as published by FINRA. Its up 13.77% from 413,100 shares, reported previously. With 108,000 shares average volume, it will take short sellers 4 days to cover their CTS’s short positions. The short interest to Cts Corporation’s float is 1.45%.

The stock increased 0.34% or $0.1 during the last trading session, reaching $29.4. About 38,481 shares traded. CTS Corporation (NYSE:CTS) has risen 22.37% since April 20, 2017 and is uptrending. It has outperformed by 10.82% the S&P500.

CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets. The company has market cap of $970.72 million. It offers sensors and actuators used in passenger or consumer vehicles; electronic components used in infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets. It has a 68.37 P/E ratio. The firm also creates and develops sensing technology for radio frequency measurement and control systems.

CTS Corporation (NYSE:CTS) Institutional Positions Chart

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