Short Interest in REalloys Inc (NASDAQ:ALOY) Increases By 129.8%

Key Points

• Short interest in REalloys surged 129.8% in June, rising to 7,447,763 shares as of June 30 from 3,240,830 shares on June 15. That represents about 13.6% of the float sold short, with a short-interest ratio of 1.9 days.
• The stock fell 9.9% and opened Tuesday at $11.07, below both its 50-day moving average of $12.45 and 200-day moving average of $11.96. REalloys has traded between $5.64 and $26.90 over the past year.
• Analysts remain mixed but generally positive, with an average rating of “Moderate Buy” and a $19.00 average price target. Needham reiterated a buy rating and $19 target, while Weiss Ratings downgraded the stock slightly and Clear Street issued a strong-buy rating.

REalloys Inc (NASDAQ:ALOY - Get Free Report) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 7,447,763 shares, an increase of 129.8% from the June 15th total of 3,240,830 shares. Based on an average daily volume of 3,887,323 shares, the short-interest ratio is presently 1.9 days. Currently, 13.6% of the shares of the stock are sold short.

REalloys Stock Down 9.9%

Shares of NASDAQ:ALOY opened at $11.07 on Tuesday. The business has a 50 day moving average price of $12.45 and a 200 day moving average price of $11.96. REalloys has a twelve month low of $5.64 and a twelve month high of $26.90. The company has a market cap of $761.39 million, a price-to-earnings ratio of -3.79 and a beta of 1.31.

REalloys (NASDAQ:ALOY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($1.98) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($1.96). The firm had revenue of $0.71 million during the quarter, compared to the consensus estimate of $0.60 million. REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ALOY shares. Weiss Ratings upgraded REalloys from a "sell (e)" rating to a "sell (d-)" rating in a report on Thursday, June 18th. Clear Str raised REalloys to a "strong-buy" rating in a report on Wednesday, April 8th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $19.00 price target on shares of REalloys in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $19.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Corient Private Wealth LLC acquired a new position in shares of REalloys in the 2nd quarter valued at $62,000. Franklin Resources Inc. acquired a new stake in shares of REalloys during the fourth quarter worth $741,000. Geode Capital Management LLC increased its holdings in REalloys by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company's stock valued at $213,000 after purchasing an additional 1,422 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new position in REalloys in the fourth quarter valued at about $81,000. Finally, Canton Hathaway LLC bought a new position in REalloys during the fourth quarter worth about $95,000. Institutional investors and hedge funds own 3.58% of the company's stock.

REalloys Company Profile

REalloys Inc operates as a rare earth metals and permanent magnet company in North America. The company produces rare earth metals, such as neodymium, praseodymium, dysprosium, terbium, samarium, gadolinium, yttrium, and scandium; and magnets, such as NdFeB Magnets, SmFe12 Magnets, and MnBi Magnets. The company was founded in 2024 and is headquartered in Euclid, Ohio.

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