REalloys Inc (NASDAQ:ALOY) Short Interest Up 70.0% in March

REalloys Inc (NASDAQ:ALOY) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 585,908 shares, a growth of 70.0% from the February 26th total of 344,566 shares. Based on an average daily volume of 1,974,896 shares, the short-interest ratio is presently 0.3 days. Currently, 1.3% of the company’s shares are sold short.

Analyst Ratings Changes

ALOY has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of REalloys in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Insider Activity at REalloys

In other news, insider Gust Kepler sold 62,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $12.89, for a total value of $799,180.00. Following the completion of the transaction, the insider owned 414,218 shares of the company’s stock, valued at $5,339,270.02. The trade was a 13.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 20.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On REalloys

A number of large investors have recently bought and sold shares of ALOY. Corient Private Wealth LLC acquired a new position in shares of REalloys in the 2nd quarter valued at $62,000. Canton Hathaway LLC acquired a new stake in shares of REalloys during the 4th quarter worth $95,000. Pekin Hardy Strauss Inc. purchased a new position in shares of REalloys in the 4th quarter worth $81,000. Geode Capital Management LLC raised its position in shares of REalloys by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock worth $213,000 after buying an additional 1,422 shares during the period. Finally, Franklin Resources Inc. acquired a new position in REalloys in the fourth quarter valued at $741,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

REalloys Price Performance

ALOY opened at $9.98 on Friday. The stock has a market capitalization of $569.96 million, a price-to-earnings ratio of -8.53 and a beta of 1.45. The business has a 50-day moving average of $13.44 and a two-hundred day moving average of $9.97. REalloys has a 12 month low of $2.60 and a 12 month high of $26.90.

REalloys (NASDAQ:ALOY) last announced its quarterly earnings data on Monday, February 23rd. The company reported ($0.40) earnings per share for the quarter. REalloys had a negative return on equity of 96.75% and a negative net margin of 182.07%.The company had revenue of $0.63 million for the quarter.

REalloys Company Profile

REalloys Inc operates as a rare earth metals and permanent magnet company in North America. The company produces rare earth metals, such as neodymium, praseodymium, dysprosium, terbium, samarium, gadolinium, yttrium, and scandium; and magnets, such as NdFeB Magnets, SmFe12 Magnets, and MnBi Magnets. The company was founded in 2024 and is headquartered in Euclid, Ohio.