Ferroglobe PLC (NASDAQ:GSM) Short Interest Update

Ferroglobe PLC (NASDAQ:GSM) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 5,371,891 shares, a decrease of 18.5% from the December 15th total of 6,591,738 shares. Approximately 3.3% of the shares of the company are sold short. Based on an average trading volume of 851,048 shares, the days-to-cover ratio is presently 6.3 days. Based on an average trading volume of 851,048 shares, the days-to-cover ratio is presently 6.3 days. Approximately 3.3% of the shares of the company are sold short.

Ferroglobe Stock Performance

GSM traded down $0.38 during trading on Monday, hitting $4.93. The stock had a trading volume of 2,251,793 shares, compared to its average volume of 828,058. The firm has a market capitalization of $920.09 million, a P/E ratio of -6.66 and a beta of 1.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 1.66. Ferroglobe has a twelve month low of $2.97 and a twelve month high of $5.74. The company’s 50-day moving average price is $4.51 and its 200 day moving average price is $4.49.

Ferroglobe (NASDAQ:GSM) last released its earnings results on Wednesday, November 5th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). Ferroglobe had a negative return on equity of 6.13% and a negative net margin of 9.92%.The firm had revenue of $311.70 million during the quarter, compared to analyst estimates of $393.80 million. On average, equities research analysts forecast that Ferroglobe will post 0.33 EPS for the current fiscal year.

Ferroglobe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 22nd were issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, December 22nd. Ferroglobe’s payout ratio is currently -8.11%.

Analyst Upgrades and Downgrades

Several analysts recently commented on GSM shares. Zacks Research upgraded shares of Ferroglobe from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. B. Riley reduced their target price on shares of Ferroglobe from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Ferroglobe in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.00.

Hedge Funds Weigh In On Ferroglobe

Large investors have recently modified their holdings of the business. California State Teachers Retirement System purchased a new stake in shares of Ferroglobe in the second quarter valued at approximately $27,000. State of Alaska Department of Revenue purchased a new position in Ferroglobe in the third quarter worth $32,000. BNP Paribas Financial Markets lifted its holdings in Ferroglobe by 1,017,300.0% in the second quarter. BNP Paribas Financial Markets now owns 10,174 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 10,173 shares during the period. R Squared Ltd acquired a new stake in Ferroglobe in the second quarter valued at $38,000. Finally, Spire Wealth Management boosted its position in shares of Ferroglobe by 49.0% during the 4th quarter. Spire Wealth Management now owns 8,334 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 2,740 shares in the last quarter. 89.64% of the stock is owned by hedge funds and other institutional investors.

Ferroglobe Company Profile

Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company’s core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe’s product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.

With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.