Short Interest in REalloys Inc (NASDAQ:ALOY) Rises By 28.8%

Key Points

• Short interest rose 28.8% to 344,566 shares as of Feb. 27, representing 9.6% of shares sold short and a days-to-cover ratio of about 1.0 day.
• Shares plunged about 15.8% recently after REalloys reported quarterly EPS of -$0.40 on just $0.63 million in revenue, leaving the company with a negative net margin (182.07%) and negative ROE; market cap is roughly $684 million and the stock has traded between $2.60 and $26.90 over the past year.
• Analyst sentiment is mostly negative (average rating: Sell), though one firm upgraded to Hold, and institutional ownership is low at about 3.58% with several small new positions added recently.

REalloys Inc (NASDAQ:ALOY - Get Free Report) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 344,566 shares, an increase of 28.8% from the February 12th total of 267,541 shares. Currently, 9.6% of the shares of the company are sold short. Based on an average daily volume of 344,408 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 344,408 shares, the days-to-cover ratio is presently 1.0 days. Currently, 9.6% of the shares of the company are sold short.

REalloys Trading Down 15.8%

REalloys stock opened at $11.98 on Friday. REalloys has a 1-year low of $2.60 and a 1-year high of $26.90. The firm has a market capitalization of $684.18 million, a PE ratio of -10.24 and a beta of 1.45. The firm's 50 day simple moving average is $13.08 and its 200 day simple moving average is $9.61.

REalloys (NASDAQ:ALOY - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The company reported ($0.40) EPS for the quarter. The firm had revenue of $0.63 million during the quarter. REalloys had a negative net margin of 182.07% and a negative return on equity of 96.75%.

Hedge Funds Weigh In On REalloys

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALOY. Corient Private Wealth LLC purchased a new stake in shares of REalloys in the 2nd quarter valued at about $62,000. Pekin Hardy Strauss Inc. bought a new stake in shares of REalloys during the 4th quarter valued at about $81,000. Canton Hathaway LLC purchased a new position in shares of REalloys during the fourth quarter worth about $95,000. Geode Capital Management LLC grew its holdings in shares of REalloys by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company's stock worth $213,000 after purchasing an additional 1,422 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of REalloys in the fourth quarter worth approximately $741,000. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ALOY. Weiss Ratings reiterated a "sell (d-)" rating on shares of REalloys in a research note on Wednesday, January 21st. Wall Street Zen raised REalloys from a "sell" rating to a "hold" rating in a report on Sunday, March 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, REalloys presently has an average rating of "Sell".

About REalloys

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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