Constellium SE (NYSE:CSTM) Sees Significant Growth in Short Interest

Constellium SE (NYSE:CSTM - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,900,000 shares, a growth of 24.2% from the February 28th total of 1,530,000 shares. Based on an average daily trading volume, of 1,410,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.5% of the company's shares are short sold.

Constellium Trading Down 7.8 %

CSTM stock traded down $0.72 during midday trading on Friday, hitting $8.43. 2,381,824 shares of the company's stock were exchanged, compared to its average volume of 1,302,959. Constellium has a one year low of $7.95 and a one year high of $22.91. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The company has a market cap of $1.21 billion, a PE ratio of 26.33 and a beta of 1.64. The stock's fifty day moving average price is $10.55 and its 200-day moving average price is $11.70.

Constellium (NYSE:CSTM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a net margin of 0.67% and a return on equity of 4.83%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Research analysts predict that Constellium will post 1.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CSTM. Geneos Wealth Management Inc. bought a new stake in Constellium in the 4th quarter valued at $31,000. New Age Alpha Advisors LLC acquired a new stake in shares of Constellium in the 4th quarter valued at about $70,000. Quadrant Capital Group LLC lifted its holdings in shares of Constellium by 25.8% in the fourth quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company's stock valued at $82,000 after purchasing an additional 1,645 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Constellium in the fourth quarter valued at about $106,000. Finally, Mariner LLC acquired a new position in shares of Constellium during the fourth quarter worth about $107,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Constellium presently has an average rating of "Moderate Buy" and an average price target of $20.25.

Constellium Company Profile

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.