Ferroglobe PLC (NASDAQ:GSM) Short Interest Update

Ferroglobe PLC (NASDAQ:GSM) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,080,000 shares, a growth of 25.3% from the February 13th total of 1,660,000 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 983,800 shares, the short-interest ratio is currently 2.1 days.

Institutional Investors Weigh In On Ferroglobe

Hedge funds have recently modified their holdings of the business. Heck Capital Advisors LLC bought a new stake in shares of Ferroglobe in the fourth quarter valued at approximately $37,000. Raymond James Financial Inc. bought a new position in Ferroglobe in the fourth quarter worth $42,000. LPL Financial LLC bought a new position in Ferroglobe in the fourth quarter worth $42,000. Barclays PLC bought a new position in Ferroglobe in the third quarter worth $44,000. Finally, RPO LLC bought a new position in Ferroglobe in the fourth quarter worth $53,000. 89.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GSM has been the topic of a number of research reports. StockNews.com downgraded Ferroglobe from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Seaport Res Ptn downgraded Ferroglobe from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th.

Ferroglobe Stock Performance

GSM stock traded up $0.01 during midday trading on Monday, hitting $4.04. 569,873 shares of the company traded hands, compared to its average volume of 1,185,073. Ferroglobe has a twelve month low of $3.23 and a twelve month high of $6.19. The company has a quick ratio of 1.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.02. The business has a 50 day simple moving average of $3.86 and a 200-day simple moving average of $4.13. The stock has a market capitalization of $759.06 million, a price-to-earnings ratio of 202.00 and a beta of 1.89.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. The company had revenue of $367.51 million for the quarter, compared to the consensus estimate of $393.00 million. As a group, equities research analysts predict that Ferroglobe will post 0.33 earnings per share for the current year.

Ferroglobe Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 20th will be given a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.39%. This is a boost from Ferroglobe’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, March 20th. Ferroglobe’s dividend payout ratio is currently 250.00%.

About Ferroglobe

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys 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; and silicon metal for primary and secondary aluminum producers.