Ferroglobe PLC (NASDAQ:GSM) saw a large growth in short interest in the month of September. As of September 29th, there was short interest totalling 1,820,132 shares, a growth of 44.9% from the September 15th total of 1,256,366 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average trading volume of 539,692 shares, the days-to-cover ratio is presently 3.4 days.

GSM has been the subject of several research analyst reports. Zacks Investment Research upgraded Ferroglobe PLC from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, October 11th. Jefferies Group LLC reiterated a “positive” rating and set a $17.00 target price (up from $12.00) on shares of Ferroglobe PLC in a research note on Friday, August 18th. B. Riley reiterated a “buy” rating and set a $16.00 target price (up from $14.25) on shares of Ferroglobe PLC in a research note on Tuesday, August 29th. Stifel Nicolaus reiterated a “buy” rating on shares of Ferroglobe PLC in a research note on Sunday, September 3rd. Finally, BidaskClub raised Ferroglobe PLC from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.60.

Ferroglobe PLC (GSM) opened at 15.21 on Thursday. The firm has a 50-day moving average price of $13.58 and a 200 day moving average price of $11.80. The firm’s market capitalization is $2.62 billion. Ferroglobe PLC has a one year low of $8.54 and a one year high of $15.25.

Several hedge funds have recently modified their holdings of the stock. Boston Partners raised its position in Ferroglobe PLC by 8.3% during the second quarter. Boston Partners now owns 4,335,985 shares of the basic materials company’s stock valued at $51,814,000 after purchasing an additional 333,141 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Ferroglobe PLC by 16.6% during the second quarter. Dimensional Fund Advisors LP now owns 4,139,899 shares of the basic materials company’s stock valued at $49,471,000 after purchasing an additional 589,969 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in Ferroglobe PLC by 15.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 3,222,024 shares of the basic materials company’s stock valued at $27,493,000 after purchasing an additional 431,473 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in Ferroglobe PLC by 684.5% during the second quarter. Deprince Race & Zollo Inc. now owns 2,693,853 shares of the basic materials company’s stock valued at $32,192,000 after purchasing an additional 2,350,450 shares in the last quarter. Finally, FMR LLC raised its position in Ferroglobe PLC by 53.2% during the first quarter. FMR LLC now owns 1,707,268 shares of the basic materials company’s stock valued at $17,636,000 after purchasing an additional 593,168 shares in the last quarter. Institutional investors own 38.16% of the company’s stock.

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About Ferroglobe PLC

Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.

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