Ferroglobe PLC (NASDAQ:GSM) Short Interest Update

Ferroglobe PLC (NASDAQ:GSM) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 2,580,000 shares, a growth of 7.1% from the July 31st total of 2,410,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.5% of the company’s stock are sold short.

Ferroglobe Stock Performance

Shares of Ferroglobe stock opened at $5.39 on Friday. The firm has a market cap of $1.01 billion, a PE ratio of 5.80 and a beta of 2.23. The firm’s 50-day simple moving average is $5.11 and its 200-day simple moving average is $4.78. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.75 and a current ratio of 2.63. Ferroglobe has a 1 year low of $3.64 and a 1 year high of $7.35.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Ferroglobe in a report on Thursday, August 17th. They issued a “buy” rating on the stock.

Institutional Investors Weigh In On Ferroglobe

A number of institutional investors have recently modified their holdings of the stock. Cannell & Co. grew its position in shares of Ferroglobe by 36.8% during the 1st quarter. Cannell & Co. now owns 4,011,705 shares of the basic materials company’s stock valued at $19,818,000 after buying an additional 1,078,525 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Ferroglobe during the 1st quarter valued at about $119,000. Boston Partners grew its position in shares of Ferroglobe by 16.6% during the 4th quarter. Boston Partners now owns 3,817,064 shares of the basic materials company’s stock valued at $14,696,000 after buying an additional 542,752 shares during the last quarter. Bardin Hill Management Partners LP grew its position in shares of Ferroglobe by 3.3% during the 4th quarter. Bardin Hill Management Partners LP now owns 3,271,800 shares of the basic materials company’s stock valued at $12,596,000 after buying an additional 105,312 shares during the last quarter. Finally, Saltoro Capital LP bought a new stake in shares of Ferroglobe during the 4th quarter valued at about $532,000. Institutional investors and hedge funds own 45.29% of the company’s stock.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.