Constellium SE (NYSE:CSTM) Short Interest Update

Constellium SE (NYSE:CSTM) was the target of a significant increase in short interest in the month of 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. Based on an average daily volume of 1,780,000 shares, the short-interest ratio is currently 1.7 days. Approximately 2.3% of the shares of the company are short sold.

Constellium Stock Down 1.7%

CSTM traded down $0.23 during trading hours on Monday, hitting $13.44. 1,159,259 shares of the company’s stock were exchanged, compared to its average volume of 1,474,275. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 42.01 and a beta of 1.69. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The stock’s 50-day moving average is $10.95 and its two-hundred day moving average is $10.73. Constellium has a 1-year low of $7.33 and a 1-year high of $20.67.

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

Institutional Trading of Constellium

Several institutional investors have recently added to or reduced their stakes in CSTM. Ameriprise Financial Inc. raised its stake in Constellium by 40.0% during the fourth quarter. Ameriprise Financial Inc. now owns 122,672 shares of the industrial products company’s stock worth $1,260,000 after buying an additional 35,080 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Constellium by 15.1% during the 4th quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company’s stock valued at $9,730,000 after purchasing an additional 124,140 shares in the last quarter. Deutsche Bank AG increased its holdings in Constellium by 33.9% in the fourth quarter. Deutsche Bank AG now owns 125,389 shares of the industrial products company’s stock worth $1,288,000 after purchasing an additional 31,713 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Constellium by 519.2% during the 1st quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company’s stock worth $50,000 after buying an additional 4,143 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Constellium in the 4th quarter valued at $775,000. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a 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.