Ferroglobe PLC (NASDAQ:GSM) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 524,500 shares, a decrease of 48.6% from the June 15th total of 1,020,000 shares. Based on an average daily volume of 338,600 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.7% of the company’s shares are sold short.
NASDAQ GSM traded up $0.01 during trading hours on Friday, hitting $0.47. The company had a trading volume of 320,580 shares, compared to its average volume of 464,076. Ferroglobe has a fifty-two week low of $0.35 and a fifty-two week high of $1.93. The company has a market capitalization of $79.76 million, a price-to-earnings ratio of -0.26 and a beta of 2.31. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.06 and a quick ratio of 1.17. The firm’s 50 day moving average is $0.67 and its 200 day moving average is $0.72.
Ferroglobe (NASDAQ:GSM) last announced its earnings results on Monday, June 8th. The basic materials company reported ($0.22) earnings per share for the quarter. The business had revenue of $311.22 million for the quarter. Ferroglobe had a negative net margin of 20.71% and a negative return on equity of 19.79%.
Separately, ValuEngine raised Ferroglobe from a “hold” rating to a “buy” rating in a research report on Tuesday, April 14th.
Several institutional investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Ferroglobe by 0.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,731,115 shares of the basic materials company’s stock valued at $5,387,000 after acquiring an additional 34,817 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Ferroglobe by 205.2% in the first quarter. Russell Investments Group Ltd. now owns 93,824 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 63,082 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Ferroglobe by 15.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,121,377 shares of the basic materials company’s stock valued at $1,420,000 after purchasing an additional 423,713 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Ferroglobe by 28.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,511,885 shares of the basic materials company’s stock worth $2,361,000 after purchasing an additional 552,694 shares during the period. Institutional investors own 25.78% of the company’s stock.
Ferroglobe PLC engages in the production of silicon metal, silicon-based specialty alloys, and ferroalloys. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.
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