Ferrovial SE (NASDAQ:FER) Short Interest Update

Key Points

• In August, Ferrovial SE experienced a significant growth in short interest, increasing by 29.6% to 701,400 shares from 541,000 shares in July.
• Analysts have mixed views on Ferrovial, with two maintaining a Buy rating and others shifting to Hold ratings, resulting in an average rating of "Hold".
• Several institutional investors, including BNP Paribas and Osaic Holdings Inc., have recently increased their stakes in Ferrovial, with hedge funds now owning 22.28% of the stock.

Ferrovial SE (NASDAQ:FER - Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 701,400 shares, an increase of 29.6% from the July 31st total of 541,000 shares. Approximately 0.2% of the company's shares are sold short. Based on an average daily volume of 220,600 shares, the days-to-cover ratio is currently 3.2 days. Based on an average daily volume of 220,600 shares, the days-to-cover ratio is currently 3.2 days. Approximately 0.2% of the company's shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of Ferrovial by 2.9% in the second quarter. Envestnet Asset Management Inc. now owns 7,693 shares of the company's stock worth $412,000 after buying an additional 214 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in Ferrovial by 0.7% during the second quarter. Ensign Peak Advisors Inc now owns 33,520 shares of the company's stock worth $1,781,000 after purchasing an additional 236 shares in the last quarter. Harbor Advisors LLC boosted its position in Ferrovial by 2.8% during the second quarter. Harbor Advisors LLC now owns 8,973 shares of the company's stock worth $479,000 after purchasing an additional 244 shares in the last quarter. Royal Bank of Canada boosted its position in Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company's stock worth $564,000 after purchasing an additional 246 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Ferrovial during the fourth quarter worth approximately $25,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Ferrovial Trading Up 0.5%

NASDAQ:FER traded up $0.29 during mid-day trading on Friday, hitting $57.57. 398,659 shares of the company's stock traded hands, compared to its average volume of 392,564. The company has a fifty day moving average of $53.77 and a 200 day moving average of $50.01. Ferrovial has a twelve month low of $37.93 and a twelve month high of $57.72.

Wall Street Analysts Forecast Growth

FER has been the subject of a number of recent research reports. Morgan Stanley reiterated an "overweight" rating on shares of Ferrovial in a report on Wednesday, June 25th. BNP Paribas Exane upgraded Ferrovial from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 24th. Wall Street Zen cut Ferrovial from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, BNP Paribas upgraded Ferrovial from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 24th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold".

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.