Libbey Sees Significant Decline in Short Interest (LBY)
Libbey (NYSE:LBY) was the recipient of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 507,630 shares, a decline of 2.0% from the July 31st total of 517,805 shares, Stock Ratings News reports. Based on an average daily trading volume, of 73,099 shares, the days-to-cover ratio is presently 6.9 days. Approximately 2.5% of the shares of the stock are short sold.
Libbey (NYSE:LBY) opened at 27.44 on Friday. Libbey has a one year low of $19.19 and a one year high of $28.11. The stock’s 50-day moving average is $25.67 and its 200-day moving average is $25.66. The company’s market cap is $593.1 million.
Libbey (NYSE:LBY) last announced its earnings results on Thursday, July 31st. The company reported $1.02 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $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 $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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