REalloys Inc (NASDAQ:ALOY) Short Interest Update

REalloys Inc (NASDAQ:ALOY) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 7,447,763 shares, an increase of 129.8% from the June 15th total of 3,240,830 shares. Based on an average daily trading volume, of 3,887,323 shares, the days-to-cover ratio is currently 1.9 days. Approximately 13.6% of the company’s stock are sold short.

REalloys Price Performance

ALOY stock opened at $11.07 on Tuesday. The company has a 50 day simple moving average of $12.45 and a 200 day simple moving average of $11.96. The stock has a market cap of $761.39 million, a price-to-earnings ratio of -3.79 and a beta of 1.31. REalloys has a 1 year low of $5.64 and a 1 year high of $26.90.

REalloys (NASDAQ:ALOY) last released its quarterly earnings results on Wednesday, May 20th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($1.96). The firm had revenue of $0.71 million for the quarter, compared to the consensus estimate of $0.60 million. REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 target price on shares of REalloys in a research report on Thursday, July 2nd. Clear Str upgraded shares of REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings upgraded shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, REalloys currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ALOY. Franklin Resources Inc. purchased a new position in REalloys during the 4th quarter worth $741,000. Geode Capital Management LLC raised its holdings in shares of REalloys by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after purchasing an additional 1,422 shares during the last quarter. Canton Hathaway LLC purchased a new stake in shares of REalloys in the fourth quarter valued at about $95,000. Corient Private Wealth LLC bought a new position in shares of REalloys during the second quarter valued at about $62,000. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of REalloys during the fourth quarter valued at about $81,000. Institutional investors own 3.58% of the company’s stock.

About REalloys

REalloys Inc operates as a rare earth metals and permanent magnet company in North America. The company produces rare earth metals, such as neodymium, praseodymium, dysprosium, terbium, samarium, gadolinium, yttrium, and scandium; and magnets, such as NdFeB Magnets, SmFe12 Magnets, and MnBi Magnets. The company was founded in 2024 and is headquartered in Euclid, Ohio.