Libbey Inc. (LBY) Short Interest Update

Libbey Inc. (NYSEAMERICAN:LBY) was the recipient of a significant growth in short interest in the month of January. As of January 12th, there was short interest totalling 1,097,712 shares, a growth of 11.8% from the December 29th total of 981,688 shares. Based on an average daily trading volume, of 199,727 shares, the short-interest ratio is currently 5.5 days. Currently, 5.2% of the company’s stock are short sold.

Shares of Libbey (LBY) traded down $0.19 during midday trading on Wednesday, reaching $7.93. The company’s stock had a trading volume of 131,500 shares, compared to its average volume of 175,167. Libbey has a 1 year low of $5.81 and a 1 year high of $18.38. The stock has a market capitalization of $178.55, a P/E ratio of -1.98 and a beta of 1.11.

Libbey (NYSEAMERICAN:LBY) last issued its earnings results on Tuesday, October 31st. The company reported ($3.57) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($3.88). Libbey had a negative net margin of 41.83% and a negative return on equity of 290.54%. The firm had revenue of $187.30 million during the quarter, compared to analysts’ expectations of $193.74 million. During the same quarter last year, the firm earned $0.13 EPS. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year.

A number of research analysts have commented on the company. Zacks Investment Research upgraded Libbey from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. TheStreet downgraded Libbey from a “c-” rating to a “d” rating in a research note on Tuesday, October 31st.

Hedge funds and other institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP grew its stake in Libbey by 153.4% in the third quarter. GSA Capital Partners LLP now owns 119,100 shares of the company’s stock valued at $1,103,000 after purchasing an additional 72,096 shares in the last quarter. California Public Employees Retirement System grew its stake in Libbey by 24.7% in the third quarter. California Public Employees Retirement System now owns 124,726 shares of the company’s stock valued at $1,155,000 after purchasing an additional 24,726 shares in the last quarter. Royce & Associates LP purchased a new position in Libbey in the third quarter valued at about $2,222,000. Finally, Spitfire Capital LLC grew its stake in Libbey by 6.0% in the third quarter. Spitfire Capital LLC now owns 961,437 shares of the company’s stock valued at $8,903,000 after purchasing an additional 54,281 shares in the last quarter.

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Libbey Company Profile

Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.

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