Ferroglobe PLC (NASDAQ:GSM) Short Interest Update

Ferroglobe PLC (NASDAQ:GSM - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,500,000 shares, an increase of 45.6% from the March 31st total of 1,030,000 shares. Currently, 1.3% of the company's shares are short sold. Based on an average daily trading volume, of 1,670,000 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GSM. Grizzlyrock Capital LLC acquired a new position in Ferroglobe during the fourth quarter valued at approximately $19,467,000. Tyro Capital Management LLC acquired a new position in shares of Ferroglobe in the fourth quarter valued at approximately $7,228,000. Orchard Capital Management LLC acquired a new position in shares of Ferroglobe in the fourth quarter valued at approximately $6,777,000. General American Investors Co. Inc. acquired a new position in shares of Ferroglobe in the third quarter valued at approximately $4,829,000. Finally, Hosking Partners LLP boosted its holdings in shares of Ferroglobe by 19.3% in the third quarter. Hosking Partners LLP now owns 5,195,665 shares of the basic materials company's stock valued at $27,017,000 after buying an additional 840,629 shares during the period. Institutional investors and hedge funds own 89.64% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Ferroglobe from a "hold" rating to a "buy" rating in a research report on Tuesday, March 26th.

Ferroglobe Trading Up 0.8 %

Shares of NASDAQ:GSM traded up $0.04 during trading on Friday, hitting $5.23. 1,292,559 shares of the company's stock were exchanged, compared to its average volume of 1,395,825. Ferroglobe has a 1-year low of $3.95 and a 1-year high of $6.78. The firm has a 50-day moving average price of $4.85 and a two-hundred day moving average price of $5.24. The company has a current ratio of 2.10, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. The firm has a market cap of $980.26 million, a P/E ratio of 11.37 and a beta of 2.01.

Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. The firm had revenue of $375.95 million during the quarter, compared to analysts' expectations of $318.80 million. Ferroglobe had a net margin of 5.29% and a return on equity of 16.74%. Equities analysts predict that Ferroglobe will post 0.26 earnings per share for the current year.

Ferroglobe Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a dividend of $0.013 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 21st. Ferroglobe's dividend payout ratio is currently 10.87%.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.