Ferrovial SE (NASDAQ:FER) Sees Significant Growth in Short Interest

Ferrovial SE (NASDAQ:FER - Get Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 828,700 shares, a growth of 9.8% from the July 15th total of 754,900 shares. Based on an average daily volume of 25,900 shares, the days-to-cover ratio is presently 32.0 days. Currently, 0.2% of the company's shares are short sold.

Ferrovial Stock Up 1.3 %

Shares of FER stock traded up $0.52 during trading hours on Monday, hitting $40.71. 11,548 shares of the company were exchanged, compared to its average volume of 21,583. Ferrovial has a fifty-two week low of $29.50 and a fifty-two week high of $48.29. The company's 50 day simple moving average is $40.23.

Analysts Set New Price Targets

Separately, Citigroup assumed coverage on shares of Ferrovial in a research report on Tuesday, May 21st. They set a "buy" rating and a $48.00 price objective for the company.

Institutional Trading of Ferrovial

Large investors have recently modified their holdings of the stock. Hsbc Holdings PLC bought a new position in shares of Ferrovial in the 2nd quarter worth $921,680,000. Legal & General Group Plc bought a new position in Ferrovial during the 2nd quarter valued at $325,256,000. Toronto Dominion Bank bought a new position in Ferrovial during the 2nd quarter valued at $79,653,000. Bank of Montreal Can bought a new position in Ferrovial during the 2nd quarter valued at $69,715,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Ferrovial during the 2nd quarter valued at $59,403,000.

Ferrovial Company Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.