Constellium SE (NYSE:CSTM) Short Interest Update

Constellium SE (NYSE:CSTM - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 3,010,000 shares, a growth of 49.0% from the May 15th total of 2,020,000 shares. Currently, 2.3% of the company's shares are sold short. Based on an average daily volume of 1,780,000 shares, the days-to-cover ratio is currently 1.7 days.

Constellium Trading Down 4.0%

CSTM traded down $0.53 during trading on Thursday, hitting $12.98. 1,456,656 shares of the stock were exchanged, compared to its average volume of 1,478,643. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.53 and a current ratio of 1.24. The firm has a 50 day simple moving average of $11.34 and a 200 day simple moving average of $10.78. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 28.21 and a beta of 1.69. Constellium has a 1 year low of $7.33 and a 1 year high of $20.67.

Constellium (NYSE:CSTM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.19. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.88 billion. Constellium had a return on equity of 7.74% and a net margin of 0.92%. The business's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 EPS. As a group, equities analysts expect that Constellium will post 1.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Constellium by 2,485.6% in the 1st quarter. GAMMA Investing LLC now owns 2,689 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 2,585 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Constellium during the first quarter valued at approximately $38,000. Parallel Advisors LLC raised its stake in Constellium by 519.2% in the first quarter. Parallel Advisors LLC now owns 4,941 shares of the industrial products company's stock worth $50,000 after buying an additional 4,143 shares in the last quarter. US Bancorp DE raised its stake in Constellium by 1,034.7% in the first quarter. US Bancorp DE now owns 5,163 shares of the industrial products company's stock worth $52,000 after buying an additional 4,708 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Constellium by 20.3% during the first quarter. Signaturefd LLC now owns 6,002 shares of the industrial products company's stock worth $61,000 after buying an additional 1,013 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Tuesday, February 25th.

About Constellium

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.