Short Interest in REalloys Inc (NASDAQ:ALOY) Increases By 129.8%

REalloys Inc (NASDAQ:ALOYGet Free Report) was the target of a large 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 volume of 3,887,323 shares, the short-interest ratio is presently 1.9 days. Currently, 13.6% of the shares of the company are sold short.

REalloys Price Performance

Shares of NASDAQ:ALOY opened at $10.77 on Wednesday. REalloys has a 1 year low of $5.64 and a 1 year high of $26.90. The firm has a market capitalization of $740.76 million, a price-to-earnings ratio of -3.69 and a beta of 1.31. The business’s 50 day moving average price is $12.48 and its 200-day moving average price is $11.98.

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

Institutional Trading of REalloys

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Clear Str upgraded REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $19.00 price target on shares of REalloys in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Get Our Latest Research Report on ALOY

About REalloys

(Get Free Report)

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.

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