Ardagh Metal Packaging S.A. (NYSE:AMBP) Sees Large Growth in Short Interest

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 3,090,000 shares, a growth of 60.9% from the May 15th total of 1,920,000 shares. Based on an average daily volume of 2,130,000 shares, the short-interest ratio is currently 1.5 days. Approximately 2.2% of the shares of the company are sold short.

Ardagh Metal Packaging Stock Performance

NYSE:AMBP traded down $0.01 during trading hours on Wednesday, hitting $4.12. The company's stock had a trading volume of 1,673,284 shares, compared to its average volume of 1,692,619. The company has a market capitalization of $2.46 billion, a PE ratio of -102.88, a PEG ratio of 1.27 and a beta of 0.53. Ardagh Metal Packaging has a 52-week low of $2.50 and a 52-week high of $4.30. The business's 50-day moving average is $3.60 and its two-hundred day moving average is $3.15.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.17 billion. Ardagh Metal Packaging had a net margin of 0.08% and a negative return on equity of 112.58%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 earnings per share. As a group, analysts predict that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $0.10 per share. The ex-dividend date was Monday, May 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.72%. Ardagh Metal Packaging's payout ratio is -1,000.00%.

Institutional Investors Weigh In On Ardagh Metal Packaging

Several institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in Ardagh Metal Packaging by 2.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 137,503 shares of the company's stock worth $415,000 after purchasing an additional 3,320 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Ardagh Metal Packaging by 2.4% during the 4th quarter. Marshall Wace LLP now owns 171,277 shares of the company's stock worth $516,000 after buying an additional 3,970 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of Ardagh Metal Packaging by 9.5% during the 4th quarter. EP Wealth Advisors LLC now owns 54,647 shares of the company's stock worth $164,000 after buying an additional 4,731 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of Ardagh Metal Packaging by 3.7% in the 4th quarter. Gabelli Funds LLC now owns 139,000 shares of the company's stock worth $418,000 after buying an additional 5,000 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in Ardagh Metal Packaging by 6.1% in the 4th quarter. MetLife Investment Management LLC now owns 90,709 shares of the company's stock valued at $273,000 after acquiring an additional 5,218 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company's stock.

About Ardagh Metal Packaging

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.