Ferrovial SE (NASDAQ:FER) Sees Significant Decrease in Short Interest

Ferrovial SE (NASDAQ:FER) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 808,200 shares, a drop of 8.8% from the November 15th total of 885,900 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 42,300 shares, the days-to-cover ratio is currently 19.1 days.

Ferrovial Price Performance

FER stock traded down $0.13 during trading on Tuesday, reaching $42.88. 64,694 shares of the stock traded hands, compared to its average volume of 31,218. The business’s 50 day moving average price is $40.77 and its 200-day moving average price is $40.84. Ferrovial has a 52-week low of $35.30 and a 52-week high of $48.29.

Ferrovial Cuts Dividend

The company also recently announced a — dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.0366 per share. The ex-dividend date is Monday, December 16th.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FER shares. Royal Bank of Canada raised 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 research report on Tuesday, December 3rd.

Institutional Trading of Ferrovial

A number of institutional investors and hedge funds have recently bought and sold shares of FER. Metis Global Partners LLC lifted its stake in shares of Ferrovial by 2.1% during the third quarter. Metis Global Partners LLC now owns 67,569 shares of the company’s stock worth $2,902,000 after purchasing an additional 1,390 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ferrovial by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,940 shares of the company’s stock valued at $12,484,000 after buying an additional 3,828 shares during the period. Susquehanna International Securities Ltd. acquired a new position in Ferrovial during the 2nd quarter worth approximately $228,000. Assenagon Asset Management S.A. boosted its holdings in Ferrovial by 27.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 32,187 shares of the company’s stock worth $1,386,000 after acquiring an additional 6,834 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in Ferrovial in the 3rd quarter worth approximately $296,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

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.