Metalico Short Interest Up 19.1% in August (MEA)
Metalico (NYSE:MEA) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 977,080 shares, a growth of 19.1% from the July 31st total of 820,597 shares, Analyst Ratings Network reports. Approximately 2.3% of the company’s shares are short sold. Based on an average daily trading volume, of 164,474 shares, the short-interest ratio is presently 5.9 days.
Separately, analysts at Zacks upgraded shares of Metalico from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 14th. They now have a $1.60 price target on the stock.
Shares of Metalico (NYSE:MEA) remained flat at $1.29 during during mid-day trading trading on Tuesday. The stock had a trading volume of 155,065 shares. Metalico has a one year low of $1.11 and a one year high of $2.68. The stock’s 50-day moving average is $1.38 and its 200-day moving average is $1.52. The company’s market cap is $62.2 million.
Metalico (NYSE:MEA) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.02. The company had revenue of $142.00 million for the quarter, compared to the consensus estimate of $141.86 million. Analysts expect that Metalico will post $-0.08 EPS for the current fiscal year.
Metalico, Inc (NYSE:MEA), operates in three business segments: ferrous and non-ferrous scrap metal recycling, Scrap Metal Recycling), platinum group and minor metals recycling (PGM and Minor Metals Recycling) and lead metal product fabricating (Lead Fabricating).
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