Short Interest in REalloys Inc (NASDAQ:ALOY) Rises By 59.4%

Key Points

• Short interest in REalloys rose 59.4% to 9.56 million shares as of July 31, representing about 17.4% of shares outstanding and 3.1 days of average trading volume.
• Analyst sentiment is mixed but leans positive: the stock carries a “Moderate Buy” consensus rating with a $16 average price target, while Needham cut its target from $19 to $16 but maintained a buy rating.
• REalloys reported a quarterly loss of $0.59 per share on just $0.80 million in revenue, alongside deeply negative profitability metrics, including a net margin of -5,145.12%.

REalloys Inc (NASDAQ:ALOY - Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 9,560,121 shares, a growth of 59.4% from the July 15th total of 5,998,374 shares. Based on an average trading volume of 3,097,997 shares, the short-interest ratio is currently 3.1 days. Approximately 17.4% of the company's shares are short sold.

Institutional Investors Weigh In On REalloys

Large investors have recently modified their holdings of the company. State of Wyoming acquired a new position in shares of REalloys in the 2nd quarter valued at $47,000. Corient Private Wealth LLC purchased a new stake in REalloys in the second quarter valued at $62,000. Legal & General Group Plc purchased a new stake in REalloys in the second quarter valued at $80,000. Pekin Hardy Strauss Inc. acquired a new position in REalloys in the fourth quarter valued at $81,000. Finally, Quantbot Technologies LP purchased a new position in shares of REalloys during the second quarter worth about $132,000. 3.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ALOY. Wall Street Zen raised shares of REalloys from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of REalloys from a "sell (e)" rating to a "sell (d-)" rating in a research note on Thursday, June 18th. Finally, Needham & Company LLC reduced their price target on shares of REalloys from $19.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.00.

REalloys Price Performance

Shares of NASDAQ:ALOY opened at $13.85 on Tuesday. The firm has a market capitalization of $952.60 million, a PE ratio of -4.38 and a beta of 1.36. REalloys has a 1 year low of $5.64 and a 1 year high of $26.90. The firm's 50-day moving average is $12.41 and its two-hundred day moving average is $11.97.

REalloys (NASDAQ:ALOY - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.59) EPS for the quarter. The business had revenue of $0.80 million during the quarter. REalloys had a negative net margin of 5,145.12% and a negative return on equity of 192.93%.

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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