Constellium SE (NYSE:CSTM) Short Interest Update

Constellium SE (NYSE:CSTM) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 3,010,000 shares, an increase of 49.0% from the May 15th total of 2,020,000 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average trading volume of 1,780,000 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CSTM. GAMMA Investing LLC increased its stake in Constellium by 2,485.6% in the 1st quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 2,585 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Constellium in the 1st quarter worth $38,000. Parallel Advisors LLC raised its stake in shares of Constellium by 519.2% during the first quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 4,143 shares during the last quarter. US Bancorp DE grew its stake in shares of Constellium by 1,034.7% in the first quarter. US Bancorp DE now owns 5,163 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 4,708 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Constellium by 20.3% during the 1st quarter. Signaturefd LLC now owns 6,002 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 1,013 shares during the period. 92.59% of the stock is owned by institutional investors.

Constellium Stock Performance

Shares of Constellium stock traded down $0.23 during trading hours on Monday, reaching $13.44. The company had a trading volume of 1,159,259 shares, compared to its average volume of 1,474,275. The firm has a market cap of $1.92 billion, a PE ratio of 42.01 and a beta of 1.69. Constellium has a one year low of $7.33 and a one year high of $20.67. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The business has a fifty day simple moving average of $10.95 and a 200 day simple moving average of $10.73.

Constellium (NYSE:CSTM) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.19. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the firm posted $0.11 EPS. Constellium’s revenue was up 5.3% on a year-over-year basis. On average, analysts anticipate that Constellium will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, February 25th.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.