Libbey Short Interest Down 18.5% in July (LBY)
Shares of Libbey (NYSE:LBY) were the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 517,805 shares, a decrease of 18.5% from the July 15th total of 635,732 shares, American Banking News reports. Currently, 2.5% of the shares of the company are short sold. Based on an average daily volume of 122,579 shares, the days-to-cover ratio is presently 4.2 days.
Libbey (NYSE:LBY) opened at 26.02 on Wednesday. Libbey has a 52-week low of $19.19 and a 52-week high of $28.00. The stock’s 50-day moving average is $25.46 and its 200-day moving average is $25.20. The company’s market cap is $562.4 million.
Libbey (NYSE:LBY) last released its earnings data on Thursday, July 31st. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.27. The company had revenue of $223.50 million for the quarter, compared to the consensus estimate of $213.97 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Libbey will post $2.38 earnings per share for the current fiscal year.
Libbey Inc (NYSE:LBY) is a producer of glass tableware products in the Western Hemisphere, in addition to supplying to key markets throughout the world.
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