Short interest in Libbey expands

Libbey shares saw a significant increase in short interest during the month of September, with short interest totalling 571,309 shares, an increase of 6.3% from the total of 537,230 shares reported on 15 September.

Shares of Libbey were the target of a significant increase in short interest during the month of September. As of 30 September, there was short interest totalling 571,309 shares, an increase of 6.3% from the total of 537,230 shares reported on 15 September. Approximately 2.8% of the company’s shares are short sold. Based on an average daily volume of 50,261 shares, the days-to-cover ratio is presently 11.4 days.
Shares of Libbey traded down 1.40% last week, hitting USD 26.09. The stock had a trading volume of 53,213 shares. Libbey has a 52-week low of USD 19.19 and a 52-week high of USD 28.42. The stock has a 50-day moving average of USD 27.15 and a 200-day moving average of USD 26.37. The company’s market cap is USD 563.9 million.
Libbey last issued its quarterly earnings data on 31 July. The company reported USD 1.02 earnings per share for the quarter, beating the analysts’ consensus estimate of USD 0.75 by USD 0.27. The company had revenue of USD 223.50 million for the quarter, compared to the consensus estimate of USD 213.97 million. During the same quarter last year, the company posted USD 0.84 earnings per share. Libbey’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that Libbey will post USD 2.51 earnings per share for the current fiscal year.