Mativ Holdings, Inc. (NYSE:MATV) Short Interest Update

Key Points

• Mativ Holdings, Inc. experienced a 62.0% increase in short interest in September, totaling 1,110,000 shares, which represents approximately 2.1% of the company's stock being sold short.
• Institutional investors have significantly increased their stakes in Mativ, with notable purchases leading to over 94.95% of the stock being owned by hedge funds and institutional investors.
• The company recently announced a quarterly dividend of $0.10 per share, resulting in an annualized dividend yield of 3.6%, despite having a negative dividend payout ratio of -4.79%.

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,110,000 shares, an increase of 62.0% from the September 15th total of 685,000 shares. Approximately 2.1% of the company's stock are sold short. Based on an average daily volume of 600,900 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 600,900 shares, the short-interest ratio is currently 1.8 days. Approximately 2.1% of the company's stock are sold short.

Institutional Investors Weigh In On Mativ

Several institutional investors have recently bought and sold shares of MATV. CWM LLC boosted its stake in shares of Mativ by 97.8% during the third quarter. CWM LLC now owns 34,636 shares of the company's stock valued at $392,000 after purchasing an additional 17,129 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Mativ by 939.9% during the second quarter. Osaic Holdings Inc. now owns 11,668 shares of the company's stock valued at $80,000 after purchasing an additional 10,546 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of Mativ during the second quarter valued at approximately $2,450,000. Oxford Asset Management LLP purchased a new stake in Mativ during the 2nd quarter valued at $145,000. Finally, Man Group plc purchased a new stake in Mativ during the 2nd quarter valued at $541,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Price Performance

MATV traded up $0.27 during midday trading on Wednesday, hitting $11.14. The stock had a trading volume of 393,223 shares, compared to its average volume of 399,020. Mativ has a 1 year low of $4.34 and a 1 year high of $17.47. The company has a market cap of $608.75 million, a P/E ratio of -1.33 and a beta of 0.83. The business has a fifty day moving average of $11.66 and a 200 day moving average of $8.19. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.21 and a current ratio of 2.37.

Mativ (NYSE:MATV - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.15. Mativ had a negative net margin of 23.09% and a positive return on equity of 4.12%. The business had revenue of $525.40 million during the quarter, compared to analyst estimates of $505.00 million. As a group, equities analysts forecast that Mativ will post 1.15 earnings per share for the current fiscal year.

Mativ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, August 29th. This represents a $0.40 annualized dividend and a yield of 3.6%. Mativ's dividend payout ratio is currently -4.79%.

Analyst Ratings Changes

Several analysts have recently commented on MATV shares. Zacks Research downgraded shares of Mativ from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 7th. Wall Street Zen upgraded shares of Mativ from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Mativ in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.00.

Mativ Company Profile

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.

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