Short interest in Ferroglobe PLC (NASDAQ: GSM) increases 77.1%

Ferroglobe PLC (NASDAQ: GSM) benefited from a sharp increase in short-term interest in September. As of September 15, there was short interest totaling 2,090,000 shares, an increase of 77.1% from the total of 1,180,000 shares as of August 31. Currently, 2.4% of the company’s shares are sold short. Based on an average daily volume of 2,610,000 shares, the day / hedge ratio is currently 0.8 days.

Actions of GSM traded up $ 0.56 at midday on Friday, reaching $ 9.26. The company had a trade volume of 3,737,031 shares, compared to its average volume of 2,453,323. The company’s 50-day moving average is $ 7.24 and its 200-day moving average is 5. , $ 62. The company has a market cap of $ 1.73 billion, a P / E ratio of -7.98 and a beta of 3.01. The company has a leverage ratio of 1.31, a current ratio of 1.40, and a quick ratio of 0.92. Ferroglobe has a twelve month low of $ 0.59 and a twelve month high of $ 11.25.

Ferroglobe (NASDAQ: GSM) last released its results on Monday, August 23. The basic materials company reported earnings of $ 0.02 per share for the quarter. Ferroglobe had a negative net margin of 14.39% and a negative return on equity of 15.29%. The company reported sales of $ 418.54 million for the quarter.

A number of large investors have recently changed their holdings to GSM. Hosking Partners LLP increased its stake in Ferroglobe by 0.5% during the second quarter. Hosking Partners LLP now owns 4,482,433 shares of the basic materials company valued at $ 27,432,000 after acquiring an additional 24,298 shares in the last quarter. Wolf Hill Capital Management LP increased its stake in Ferroglobe by 7.9% during the second quarter. Wolf Hill Capital Management LP now owns 4,070,737 shares of the basic materials company valued at $ 24,913,000 after acquiring an additional 298,374 shares in the last quarter. Renaissance Technologies LLC increased its stake in Ferroglobe by 8.9% during the first quarter. Renaissance Technologies LLC now owns 3,542,594 shares of the basic materials company valued at $ 13,391,000 after acquiring an additional 289,000 shares in the last quarter. Millennium Management LLC increased its stake in Ferroglobe by 20.0% during the second quarter. Millennium Management LLC now owns 3,421,441 shares of the Basic Materials Company valued at $ 20,939,000 after acquiring an additional 570,026 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Ferroglobe by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,576,590 shares of the basic materials company valued at $ 15,768,000 after acquiring an additional 371,916 shares in the last quarter. Institutional investors hold 25.95% of the shares of the company.

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Ferroglobe Company Profile

Ferroglobe PLC is a holding company specializing in the production of silicon and specialty metals. Its products include silicon metal, manganese alloys, ferrosilicon, calcium, silicon and electrodes. It operates through the following segments: electrometallurgy-North America, electrometallurgy-Europe, electrometallurgy-South Africa and others.

See also: Call option

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