Ferrovial SE (NASDAQ:FER) Sees Large Drop in Short Interest

Ferrovial SE (NASDAQ:FER - Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 442,900 shares, a decrease of 42.1% from the May 15th total of 765,300 shares. Currently, 0.1% of the company's shares are short sold. Based on an average daily trading volume, of 134,700 shares, the days-to-cover ratio is presently 3.3 days.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Ferrovial from a "buy" rating to a "hold" rating in a research note on Friday, June 6th.

Hedge Funds Weigh In On Ferrovial

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Ferrovial by 51.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,419 shares of the company's stock worth $438,000 after purchasing an additional 3,534 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in Ferrovial by 37.9% during the fourth quarter. Vontobel Holding Ltd. now owns 61,132 shares of the company's stock worth $2,569,000 after purchasing an additional 16,814 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Ferrovial by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,497 shares of the company's stock worth $946,000 after purchasing an additional 738 shares during the period. Raymond James Financial Inc. bought a new position in Ferrovial during the fourth quarter worth about $466,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Ferrovial during the fourth quarter worth approximately $474,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Ferrovial Stock Performance

FER stock opened at $51.27 on Monday. Ferrovial has a 52 week low of $37.92 and a 52 week high of $56.43. The firm's 50-day moving average is $49.03 and its two-hundred day moving average is $45.28.

Ferrovial Increases Dividend

The business also recently announced a -- dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be issued a $0.3029 dividend. This is a boost from Ferrovial's previous -- dividend of $0.04. The ex-dividend date is Friday, May 23rd.

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.

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