Radius Recycling, Inc. (NASDAQ:RDUS) Short Interest Update

Radius Recycling, Inc. (NASDAQ:RDUS) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 410,200 shares, a decrease of 15.9% from the December 15th total of 487,700 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 216,200 shares, the days-to-cover ratio is currently 1.9 days.

Radius Recycling Trading Up 4.5 %

NASDAQ RDUS traded up $0.52 on Thursday, hitting $12.09. 299,605 shares of the stock were exchanged, compared to its average volume of 398,561. The company’s 50-day moving average price is $16.85 and its two-hundred day moving average price is $16.60. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 1.00. Radius Recycling has a 52-week low of $10.57 and a 52-week high of $27.70. The company has a market capitalization of $339.00 million, a price-to-earnings ratio of -1.21 and a beta of 1.64.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.67). The business had revenue of $656.54 million for the quarter, compared to analysts’ expectations of $665.90 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.64) EPS. Research analysts predict that Radius Recycling will post -1.02 EPS for the current year.

Radius Recycling Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date of this dividend is Monday, February 3rd. Radius Recycling’s dividend payout ratio (DPR) is -7.49%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group started coverage on Radius Recycling in a research report on Monday, December 2nd. They set a “neutral” rating and a $22.00 target price on the stock. StockNews.com lowered shares of Radius Recycling from a “hold” rating to a “sell” rating in a research note on Thursday, December 26th.

Insider Buying and Selling at Radius Recycling

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total value of $301,889.00. Following the transaction, the senior vice president now owns 133,780 shares of the company’s stock, valued at approximately $2,284,962.40. This represents a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.90% of the stock is owned by corporate insiders.

Institutional Trading of Radius Recycling

Several institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Radius Recycling in the 2nd quarter worth approximately $30,000. Quarry LP acquired a new position in shares of Radius Recycling in the third quarter worth $32,000. Founders Capital Management raised its holdings in shares of Radius Recycling by 50.0% during the third quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 600 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Radius Recycling during the third quarter valued at $46,000. Finally, Signaturefd LLC grew its stake in Radius Recycling by 403.9% in the third quarter. Signaturefd LLC now owns 4,092 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 3,280 shares in the last quarter. 78.11% of the stock is currently owned by institutional investors and hedge funds.

About Radius Recycling

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.