Ferroglobe PLC (NASDAQ:GSM) Short Interest Update

Ferroglobe PLC (NASDAQ:GSM) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 2,340,000 shares, a growth of 25.8% from the November 30th total of 1,860,000 shares. Based on an average trading volume of 1,290,000 shares, the short-interest ratio is currently 1.8 days. Currently, 2.0% of the shares of the stock are short sold.

Ferroglobe Stock Performance

GSM opened at $3.78 on Tuesday. The stock has a 50-day moving average of $4.22 and a 200 day moving average of $4.62. 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 $3.68 and a 12 month high of $6.72. The firm has a market cap of $708.50 million, a P/E ratio of 15.75 and a beta of 1.86.

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

Ferroglobe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 20th were issued a dividend of $0.013 per share. This represents a $0.05 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, December 20th. Ferroglobe’s payout ratio is currently 20.83%.

Institutional Trading of Ferroglobe

Institutional investors and hedge funds have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC boosted 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 during the period. Old West Investment Management LLC lifted its holdings in shares of Ferroglobe by 233.4% in the 3rd quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company’s stock worth $17,439,000 after buying an additional 2,631,024 shares during the period. Bank of Montreal Can lifted its holdings in shares of Ferroglobe by 234.5% in the 3rd quarter. Bank of Montreal Can now owns 3,484,201 shares of the basic materials company’s stock worth $15,958,000 after buying an additional 2,442,507 shares during the period. Thomist Capital Management LP grew its position in shares of Ferroglobe by 159.3% during the 2nd quarter. Thomist Capital Management LP now owns 3,133,022 shares of the basic materials company’s stock worth $18,031,000 after buying an additional 1,924,879 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of Ferroglobe by 3.6% during the third quarter. Royce & Associates LP now owns 2,726,978 shares of the basic materials company’s stock valued at $12,653,000 after buying an additional 94,260 shares during the period. 89.64% of the stock is currently owned by institutional investors.

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.