Short Interest in Kaiser Aluminum Co. (NASDAQ:KALU) Increases By 5.7%

Kaiser Aluminum Co. (NASDAQ:KALU - Get Free Report) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 474,700 shares, an increase of 5.7% from the October 15th total of 449,100 shares. Based on an average trading volume of 141,700 shares, the short-interest ratio is currently 3.4 days. Approximately 3.0% of the shares of the stock are short sold.

Kaiser Aluminum Price Performance

Shares of KALU traded down $0.53 during midday trading on Monday, reaching $80.10. The stock had a trading volume of 76,337 shares, compared to its average volume of 146,236. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 27.72 and a beta of 1.32. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. Kaiser Aluminum has a 12-month low of $57.52 and a 12-month high of $102.42. The company's 50-day moving average is $73.79 and its 200 day moving average is $81.59.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.16). The company had revenue of $748.00 million during the quarter, compared to the consensus estimate of $793.30 million. Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 earnings per share. On average, equities analysts predict that Kaiser Aluminum will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Friday, October 25th. Kaiser Aluminum's dividend payout ratio (DPR) is currently 106.57%.

Institutional Investors Weigh In On Kaiser Aluminum

A number of institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. increased its holdings in shares of Kaiser Aluminum by 6.0% in the third quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company's stock worth $276,000 after purchasing an additional 214 shares during the last quarter. Rhumbline Advisers increased its position in Kaiser Aluminum by 0.6% in the second quarter. Rhumbline Advisers now owns 51,374 shares of the industrial products company's stock worth $4,516,000 after purchasing an additional 314 shares during the last quarter. National Bank of Canada FI bought a new position in Kaiser Aluminum during the second quarter valued at $32,000. EntryPoint Capital LLC grew its stake in shares of Kaiser Aluminum by 79.7% in the 1st quarter. EntryPoint Capital LLC now owns 861 shares of the industrial products company's stock worth $77,000 after buying an additional 382 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Kaiser Aluminum by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,893 shares of the industrial products company's stock worth $694,000 after buying an additional 394 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

About Kaiser Aluminum

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.