Ferroglobe PLC (NASDAQ:GSM) Short Interest Update

Ferroglobe PLC (NASDAQ:GSM) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 3,158,532 shares, a decline of 25.9% from the January 15th total of 4,261,724 shares. Based on an average daily volume of 1,225,533 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.9% of the company’s stock are short sold. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 1,225,533 shares, the days-to-cover ratio is presently 2.6 days.

Analyst Ratings Changes

Several research firms have commented on GSM. Wall Street Zen cut shares of Ferroglobe from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. B. Riley Financial reduced their price objective on Ferroglobe from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ferroglobe in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Ferroglobe from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $6.00.

Institutional Investors Weigh In On Ferroglobe

Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System purchased a new position in shares of Ferroglobe in the second quarter valued at $27,000. State of Alaska Department of Revenue purchased a new stake in Ferroglobe during the 3rd quarter worth about $32,000. Quadrant Capital Group LLC boosted its stake in Ferroglobe by 66.1% in the 4th quarter. Quadrant Capital Group LLC now owns 7,902 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 3,146 shares during the period. BNP Paribas Financial Markets grew its holdings in Ferroglobe by 1,017,300.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,174 shares of the basic materials company’s stock valued at $37,000 after buying an additional 10,173 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Ferroglobe during the second quarter valued at about $38,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Ferroglobe Stock Down 0.4%

GSM stock opened at $5.28 on Friday. The stock has a fifty day moving average of $4.87 and a 200-day moving average of $4.57. Ferroglobe has a fifty-two week low of $2.97 and a fifty-two week high of $5.74. The company has a market capitalization of $985.39 million, a price-to-earnings ratio of -7.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 1.66.

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.