Ferrovial SE (NASDAQ:FER) Sees Large Increase in Short Interest

Ferrovial SE (NASDAQ:FER) was the recipient of a large 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. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 37,800 shares, the days-to-cover ratio is presently 23.4 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Royal Bank of Canada upgraded shares of Ferrovial to a “hold” rating in a research note on Tuesday, November 12th. Bank of America raised shares of Ferrovial from a “neutral” rating to a “buy” rating in a report on Tuesday.

Institutional Investors Weigh In On Ferrovial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board acquired a new stake in shares of Ferrovial during the 2nd quarter worth approximately $19,051,000. M&G Plc bought a new position in Ferrovial during the 2nd quarter worth approximately $43,583,000. Ausbil Investment Management Ltd bought a new position in Ferrovial during the 3rd quarter worth approximately $9,262,000. Partners Group Holding AG bought a new position in Ferrovial during the 3rd quarter worth approximately $36,538,000. Finally, Exane Asset Management bought a new position in Ferrovial during the 2nd quarter worth approximately $20,938,000.

Ferrovial Trading Up 3.1 %

Shares of Ferrovial stock opened at $42.87 on Wednesday. The company has a 50-day simple moving average of $40.66 and a 200 day simple moving average of $40.66. Ferrovial has a 12-month low of $35.30 and a 12-month high of $48.29.

Ferrovial Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 7th will be given a $0.4592 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This is a boost from Ferrovial’s previous — dividend of $0.33.

About Ferrovial

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.