Ferroglobe PLC (NASDAQ:GSM) Short Interest Up 25.8% in December

Ferroglobe PLC (NASDAQ:GSM - Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,340,000 shares, an increase of 25.8% from the November 30th total of 1,860,000 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average trading volume of 1,290,000 shares, the short-interest ratio is presently 1.8 days.

Ferroglobe Trading Up 0.5 %

Shares of GSM traded up $0.02 during mid-day trading on Tuesday, hitting $3.80. The company had a trading volume of 1,068,502 shares, compared to its average volume of 1,339,041. The stock has a market cap of $712.25 million, a PE ratio of 15.83 and a beta of 1.86. The business's 50-day simple moving average is $4.20 and its 200-day simple moving average is $4.61. Ferroglobe has a 1-year low of $3.68 and a 1-year high of $6.72. The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 0.02.

Ferroglobe (NASDAQ:GSM - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). The company had revenue of $433.53 million during the quarter, compared to analysts' expectations of $443.50 million. Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. During the same period last year, the business earned $0.27 earnings per share. Sell-side analysts forecast that Ferroglobe will post 0.28 earnings per share for the current year.

Ferroglobe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 20th were given a $0.013 dividend. This represents a $0.05 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, December 20th. Ferroglobe's payout ratio is currently 20.83%.

Hedge Funds Weigh In On Ferroglobe

A number of hedge funds have recently bought and sold shares of GSM. Barclays PLC purchased a new position in shares of Ferroglobe during the 3rd quarter valued at $44,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Ferroglobe by 40.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,665 shares of the basic materials company's stock valued at $84,000 after purchasing an additional 4,480 shares during the period. Quarry LP acquired a new stake in Ferroglobe during the second quarter worth about $84,000. nVerses Capital LLC acquired a new stake in shares of Ferroglobe during the 2nd quarter worth approximately $95,000. Finally, Hood River Capital Management LLC boosted its holdings in Ferroglobe by 41.4% during the second quarter. Hood River Capital Management LLC now owns 20,816 shares of the basic materials company's stock valued at $112,000 after purchasing an additional 6,091 shares in the last quarter. 89.64% of the stock is currently owned by institutional investors and hedge funds.

About Ferroglobe

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys 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; and silicon metal for primary and secondary aluminum producers.