Short Interest in REalloys Inc (NASDAQ:ALOY) Expands By 70.0%

REalloys Inc (NASDAQ:ALOY) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 585,908 shares, an increase of 70.0% from the February 26th total of 344,566 shares. Based on an average trading volume of 1,974,896 shares, the short-interest ratio is presently 0.3 days. Approximately 1.3% of the company’s shares are short sold.

Analyst Ratings Changes

ALOY has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of REalloys in a report on Wednesday, January 21st. Wall Street Zen raised shares of REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

REalloys Price Performance

NASDAQ ALOY traded down $0.34 on Friday, reaching $9.64. The company had a trading volume of 244,576 shares, compared to its average volume of 752,333. REalloys has a 1 year low of $2.60 and a 1 year high of $26.90. The firm has a 50-day moving average of $13.46 and a 200-day moving average of $9.95. The firm has a market capitalization of $550.55 million, a PE ratio of -8.23 and a beta of 1.45.

REalloys (NASDAQ:ALOY) last posted its earnings results on Monday, February 23rd. The company reported ($0.40) EPS for the quarter. The firm had revenue of $0.63 million for the quarter. REalloys had a negative return on equity of 96.75% and a negative net margin of 182.07%.

Insider Transactions at REalloys

In other REalloys news, insider Gust Kepler sold 62,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $12.89, for a total transaction of $799,180.00. Following the completion of the sale, the insider directly owned 414,218 shares in the company, valued at $5,339,270.02. This represents a 13.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 20.10% of the company’s stock.

Hedge Funds Weigh In On REalloys

Institutional investors have recently made changes to their positions in the business. Pekin Hardy Strauss Inc. purchased a new position in shares of REalloys during the 4th quarter valued at approximately $81,000. Corient Private Wealth LLC bought a new stake in shares of REalloys in the second quarter worth $62,000. Canton Hathaway LLC acquired a new stake in REalloys in the fourth quarter valued at $95,000. Geode Capital Management LLC raised its holdings in REalloys by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after acquiring an additional 1,422 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in REalloys during the 4th quarter valued at $741,000. 3.58% of the stock is owned by institutional investors and hedge funds.

REalloys Company Profile

REalloys Inc operates as a rare earth metals and permanent magnet company in North America. The company produces rare earth metals, such as neodymium, praseodymium, dysprosium, terbium, samarium, gadolinium, yttrium, and scandium; and magnets, such as NdFeB Magnets, SmFe12 Magnets, and MnBi Magnets. The company was founded in 2024 and is headquartered in Euclid, Ohio.