Ferroglobe PLC (NASDAQ:GSM) Short Interest Update

Ferroglobe PLC (NASDAQ:GSM) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,880,000 shares, a drop of 7.4% from the October 15th total of 2,030,000 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average trading volume of 1,230,000 shares, the short-interest ratio is presently 1.5 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Ferroglobe from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th.

Ferroglobe Price Performance

NASDAQ GSM opened at $4.53 on Tuesday. The stock has a market cap of $849.06 million, a price-to-earnings ratio of 17.63 and a beta of 1.88. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. Ferroglobe has a 12 month low of $3.99 and a 12 month high of $6.78. The company’s 50 day moving average is $4.35 and its two-hundred day moving average is $4.96.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.05). The company had revenue of $433.53 million for the quarter, compared to the consensus estimate of $443.50 million. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. During the same quarter in the previous year, the business earned $0.27 EPS. As a group, research analysts anticipate that Ferroglobe will post 0.28 earnings per share for the current year.

Ferroglobe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 20th will be given a dividend of $0.013 per share. This represents a $0.05 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, December 20th. Ferroglobe’s payout ratio is currently 20.83%.

Institutional Investors Weigh In On Ferroglobe

Institutional investors and hedge funds have recently modified their holdings of the stock. Hosking Partners LLP grew its holdings in shares of Ferroglobe by 48.7% in the second quarter. Hosking Partners LLP now owns 9,108,922 shares of the basic materials company’s stock valued at $48,824,000 after purchasing an additional 2,981,907 shares in the last quarter. Old West Investment Management LLC grew its holdings in shares of Ferroglobe by 233.4% in the third quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock valued at $17,439,000 after purchasing an additional 2,631,024 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Ferroglobe by 234.5% in the third quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock valued at $15,958,000 after purchasing an additional 2,442,507 shares in the last quarter. Thomist Capital Management LP grew its holdings in shares of Ferroglobe by 159.3% in the second quarter. Thomist Capital Management LP now owns 3,133,022 shares of the basic materials company’s stock valued at $18,031,000 after purchasing an additional 1,924,879 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Ferroglobe by 15.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,621,112 shares of the basic materials company’s stock valued at $40,849,000 after purchasing an additional 1,003,918 shares in the last quarter. Institutional investors own 89.64% of the company’s stock.

Ferroglobe Company Profile

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.