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.

(A d)

Fifteen states plus the District of Columbia now allow the recreational use of cannabis, and Congress is in the process of decriminalizing possession of marijuana at the federal level. As a result, the North American cannabis market is expected to TRIPLE in size, from $ 30 billion to $ 100 billion by 2027 – and a Seattle manufacturer is about to cash in!

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

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Ferroglobe now?

Before you consider Ferroglobe, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the wider market takes hold … and Ferroglobe was not on the list.

While Ferroglobe currently has an “N / A” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Source link

Previous Indian Users Expected To Spend More On OTT, Sony-Zee To Benefit From Market Growth
Next Grant Tennille elected chairman of the Arkansas Democratic Party

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *