Libbey Inc. (LBY) Short Interest Update

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Libbey Inc. (NYSEAMERICAN:LBY) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,653,118 shares, a growth of 1.9% from the January 15th total of 1,622,021 shares. Based on an average trading volume of 80,247 shares, the days-to-cover ratio is presently 20.6 days. Approximately 7.8% of the company’s shares are sold short.

LBY traded up $0.17 during trading on Monday, reaching $5.46. The company had a trading volume of 49,064 shares, compared to its average volume of 91,696. Libbey has a 12 month low of $3.45 and a 12 month high of $11.54.

Separately, Zacks Investment Research lowered shares of Libbey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 13th.

In other news, major shareholder Brigade Capital Management, Lp acquired 130,000 shares of Libbey stock in a transaction that occurred on Thursday, December 13th. The shares were acquired at an average price of $5.66 per share, with a total value of $735,800.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in Libbey by 99.0% in the second quarter. Bank of America Corp DE now owns 19,208 shares of the company’s stock valued at $156,000 after buying an additional 9,555 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Libbey in the third quarter valued at approximately $165,000. Ibex Investors LLC acquired a new stake in shares of Libbey in the third quarter valued at approximately $188,000. California Public Employees Retirement System raised its holdings in shares of Libbey by 6.7% in the fourth quarter. California Public Employees Retirement System now owns 88,433 shares of the company’s stock valued at $343,000 after purchasing an additional 5,558 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of Libbey in the third quarter valued at approximately $359,000.

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Libbey Company Profile

Libbey Inc designs, produces, and sells tableware and other products worldwide. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.

Further Reading: How to execute a trade ex-dividend strategy?

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