Ferroglobe PLC (NASDAQ:GSM) Short Interest Down 20.7% in January

Ferroglobe PLC (NASDAQ:GSM) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 4,261,724 shares, a decrease of 20.7% from the December 31st total of 5,371,891 shares. Based on an average daily volume of 998,813 shares, the short-interest ratio is presently 4.3 days. Currently, 2.6% of the company’s shares are sold short. Currently, 2.6% of the company’s shares are sold short. Based on an average daily volume of 998,813 shares, the short-interest ratio is presently 4.3 days.

Institutional Trading of Ferroglobe

Several institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System bought a new position in Ferroglobe during the 2nd quarter worth about $27,000. State of Alaska Department of Revenue purchased a new stake in shares of Ferroglobe in the 3rd quarter worth approximately $32,000. BNP Paribas Financial Markets lifted its position in shares of Ferroglobe by 1,017,300.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,174 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 10,173 shares during the period. R Squared Ltd bought a new position in shares of Ferroglobe during the second quarter valued at approximately $38,000. Finally, Spire Wealth Management increased its holdings in Ferroglobe by 49.0% during the fourth quarter. Spire Wealth Management now owns 8,334 shares of the basic materials company’s stock valued at $39,000 after buying an additional 2,740 shares during the period. 89.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Ferroglobe from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ferroglobe in a research report on Thursday, January 22nd. Zacks Research raised shares of Ferroglobe from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, B. Riley cut their price target on shares of Ferroglobe from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ferroglobe currently has an average rating of “Hold” and an average price target of $6.00.

Ferroglobe Trading Down 2.7%

GSM traded down $0.13 on Friday, reaching $4.75. 1,500,879 shares of the company traded hands, compared to its average volume of 1,049,344. The company has a market cap of $886.47 million, a P/E ratio of -6.42 and a beta of 1.08. The company has a quick ratio of 0.91, a current ratio of 1.66 and a debt-to-equity ratio of 0.07. Ferroglobe has a one year low of $2.97 and a one year high of $5.74. The firm has a fifty day simple moving average of $4.72 and a two-hundred day simple moving average of $4.53.

Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings results on Wednesday, November 5th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.07). The company had revenue of $311.70 million for the quarter, compared to the consensus estimate of $393.80 million. Ferroglobe had a negative net margin of 9.92% and a negative return on equity of 6.13%. As a group, equities research analysts expect that Ferroglobe will post 0.33 earnings per share for the current year.

Ferroglobe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 22nd were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, December 22nd. Ferroglobe’s dividend payout ratio is currently -6.76%.

Ferroglobe Company Profile

Ferroglobe PLC is a leading producer of specialty metals and alloys, serving a diverse range of industrial customers worldwide. The company’s core operations focus on the manufacture of silicon metal, silicon-based alloys, manganese-based alloys and rare earth alloys, which are essential inputs for the aluminum, steel, chemical and electronics industries. Ferroglobe’s product portfolio includes high-purity silicon, ferrosilicon, silicon manganese, manganese alloys and various recarburizers used to enhance metal strength, durability and conductivity.

With production facilities located across North America, Europe, South America and Africa, Ferroglobe maintains a global footprint that allows it to supply customers on multiple continents.