Short Interest in Ferrovial SE (NASDAQ:FER) Increases By 10.5%

Ferrovial SE (NASDAQ:FER) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 885,900 shares, an increase of 10.5% from the October 31st total of 801,700 shares. Based on an average daily volume of 37,800 shares, the days-to-cover ratio is presently 23.4 days. Currently, 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

FER has been the topic of a number of recent analyst reports. Royal Bank of Canada raised shares of Ferrovial to a “hold” rating in a research note on Tuesday, November 12th. Bank of America raised Ferrovial from a “neutral” rating to a “buy” rating in a research report on Tuesday.

Ferrovial Stock Up 3.1 %

FER traded up $1.28 on Tuesday, reaching $42.87. 91,688 shares of the company’s stock were exchanged, compared to its average volume of 28,551. Ferrovial has a twelve month low of $35.30 and a twelve month high of $48.29. The company’s 50 day moving average is $40.66 and its 200-day moving average is $40.66.

Ferrovial Increases Dividend

The firm also recently announced a — dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 7th will be paid a $0.4592 dividend. The ex-dividend date is Thursday, November 7th. This is an increase from Ferrovial’s previous — dividend of $0.33.

Institutional Trading of Ferrovial

A number of institutional investors have recently added to or reduced their stakes in FER. Hsbc Holdings PLC acquired a new position in shares of Ferrovial during the second quarter worth about $921,680,000. Legal & General Group Plc acquired a new position in Ferrovial during the 2nd quarter worth approximately $325,256,000. Toronto Dominion Bank purchased a new position in Ferrovial in the 2nd quarter worth approximately $79,653,000. Bank of Montreal Can purchased a new position in Ferrovial in the 2nd quarter worth approximately $69,715,000. Finally, Brookfield Corp ON purchased a new stake in shares of Ferrovial during the third quarter valued at approximately $71,881,000.

Ferrovial Company Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.