Short Interest in Ferrovial SE (NASDAQ:FER) Increases By 108.4%

Ferrovial SE (NASDAQ:FER) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,442,534 shares, a growth of 108.4% from the November 30th total of 1,171,829 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,356,687 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily trading volume, of 1,356,687 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.3% of the company’s stock are short sold.

Analysts Set New Price Targets

Several brokerages have commented on FER. Sanford C. Bernstein lowered shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, December 10th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Ferrovial in a research report on Wednesday, October 8th. Citigroup restated a “buy” rating and set a $75.30 price target (up previously from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ferrovial in a research note on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ferrovial presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.30.

Hedge Funds Weigh In On Ferrovial

Large investors have recently bought and sold shares of the stock. Hudson Bay Capital Management LP acquired a new stake in shares of Ferrovial during the 3rd quarter valued at approximately $1,895,000. CTC Alternative Strategies Ltd. acquired a new stake in Ferrovial in the 3rd quarter valued at approximately $563,000. Tudor Investment Corp ET AL bought a new stake in Ferrovial during the 3rd quarter valued at $11,007,000. Maven Securities LTD bought a new position in Ferrovial in the 3rd quarter valued at about $1,049,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Ferrovial in the 3rd quarter worth approximately $66,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Price Performance

Shares of NASDAQ:FER traded down $0.16 during trading on Monday, reaching $65.06. 405,290 shares of the company’s stock traded hands, compared to its average volume of 696,209. Ferrovial has a fifty-two week low of $40.07 and a fifty-two week high of $68.09. The company has a 50-day simple moving average of $64.67 and a 200-day simple moving average of $58.36.

Ferrovial Announces Dividend

The firm also recently announced a special dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were issued a $0.077 dividend. The ex-dividend date of this dividend was Friday, December 5th.

About Ferrovial

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.