Short Interest in Constellium SE (NYSE:CSTM) Declines By 13.7%

Constellium SE (NYSE:CSTM) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,340,000 shares, a decrease of 13.7% from the January 15th total of 2,710,000 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily volume of 1,160,000 shares, the short-interest ratio is currently 2.0 days.

Analyst Ratings Changes

CSTM has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and decreased their target price for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. BMO Capital Markets decreased their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Constellium presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning lifted its stake in Constellium by 16.3% during the third quarter. Creative Planning now owns 62,368 shares of the industrial products company’s stock valued at $1,014,000 after purchasing an additional 8,755 shares during the last quarter. nVerses Capital LLC acquired a new stake in Constellium during the third quarter valued at approximately $174,000. Net Worth Advisory Group acquired a new stake in Constellium during the third quarter valued at approximately $213,000. Blue Trust Inc. lifted its stake in Constellium by 863.5% during the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,753 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Constellium by 41.5% during the third quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 2,805 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Constellium Price Performance

Shares of Constellium stock traded down $0.20 on Friday, hitting $9.34. The company had a trading volume of 1,646,114 shares, compared to its average volume of 1,068,510. The business has a 50-day simple moving average of $10.34 and a 200-day simple moving average of $13.01. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The company has a market cap of $1.37 billion, a PE ratio of 12.62 and a beta of 1.68. Constellium has a 52 week low of $9.26 and a 52 week high of $23.20.

Constellium Company Profile

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.