Ferroglobe PLC (NASDAQ:GSM) Short Interest Update

Ferroglobe PLC (NASDAQ:GSM) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 2,110,000 shares, a growth of 25.6% from the May 31st total of 1,680,000 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,380,000 shares, the short-interest ratio is presently 1.5 days.

Ferroglobe Trading Up 2.4 %

Shares of GSM opened at $5.49 on Tuesday. The firm has a market cap of $1.03 billion, a P/E ratio of 16.15 and a beta of 1.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.74 and a quick ratio of 1.02. Ferroglobe has a 1 year low of $4.26 and a 1 year high of $6.78. The company has a 50 day simple moving average of $5.56 and a two-hundred day simple moving average of $5.42.

Ferroglobe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 17th were paid a dividend of $0.013 per share. The ex-dividend date was Monday, June 17th. This represents a $0.05 annualized dividend and a yield of 0.95%. Ferroglobe’s payout ratio is 14.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Ferroglobe from a “hold” rating to a “buy” rating in a research note on Monday, May 20th.

Institutional Trading of Ferroglobe

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd boosted its holdings in shares of Ferroglobe by 266.1% during the 1st quarter. Covestor Ltd now owns 5,316 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 3,864 shares during the last quarter. Kathmere Capital Management LLC lifted its position in shares of Ferroglobe by 22.4% in the second quarter. Kathmere Capital Management LLC now owns 31,909 shares of the basic materials company’s stock worth $171,000 after buying an additional 5,830 shares in the last quarter. Mutual Advisors LLC bought a new position in Ferroglobe during the third quarter valued at approximately $52,000. Virtu Financial LLC purchased a new position in Ferroglobe during the 1st quarter valued at approximately $53,000. Finally, 1492 Capital Management LLC increased its stake in Ferroglobe by 4.9% in the 4th quarter. 1492 Capital Management LLC now owns 247,510 shares of the basic materials company’s stock worth $1,611,000 after acquiring an additional 11,651 shares during the last quarter. 89.64% of the stock is currently owned by institutional investors.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.