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

Ferrovial SE (NASDAQ:FER - Get Free Report) saw a significant decline in short interest in May. As of May 31st, there was short interest totalling 442,900 shares, a decline of 42.1% from the May 15th total of 765,300 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 134,700 shares, the short-interest ratio is presently 3.3 days.

Hedge Funds Weigh In On Ferrovial

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC increased its stake in shares of Ferrovial by 0.8% during the first quarter. Hsbc Holdings PLC now owns 24,913,875 shares of the company's stock valued at $1,107,414,000 after purchasing an additional 196,985 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ferrovial by 2.4% during the first quarter. Vanguard Group Inc. now owns 19,355,835 shares of the company's stock valued at $865,748,000 after acquiring an additional 452,211 shares in the last quarter. TCI Fund Management Ltd. increased its position in shares of Ferrovial by 1.2% during the fourth quarter. TCI Fund Management Ltd. now owns 19,333,428 shares of the company's stock valued at $812,724,000 after acquiring an additional 238,184 shares in the last quarter. Amundi increased its position in shares of Ferrovial by 43.9% during the first quarter. Amundi now owns 17,636,889 shares of the company's stock valued at $808,475,000 after acquiring an additional 5,376,610 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Ferrovial by 30.2% during the fourth quarter. Bank of America Corp DE now owns 15,783,345 shares of the company's stock valued at $663,374,000 after acquiring an additional 3,657,704 shares in the last quarter. Institutional investors own 22.28% of the company's stock.

Ferrovial Price Performance

Shares of NASDAQ FER traded down $0.13 on Thursday, reaching $50.58. 141,242 shares of the company's stock traded hands, compared to its average volume of 70,865. Ferrovial has a 12 month low of $37.92 and a 12 month high of $56.43. The business's 50 day simple moving average is $49.52 and its two-hundred day simple moving average is $45.42.

Ferrovial Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.3029 per share. This is an increase from Ferrovial's previous -- dividend of $0.04. The ex-dividend date of this dividend is Friday, May 23rd.

Analysts Set New Price Targets

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

About Ferrovial

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.