Libbey Inc. (LBY) Short Interest Update

Libbey Inc. (NYSEAMERICAN:LBY) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,331,982 shares, an increase of 21.3% from the January 12th total of 1,097,712 shares. Currently, 6.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 131,725 shares, the days-to-cover ratio is currently 10.1 days.

Libbey (NYSEAMERICAN LBY) traded down $0.01 during mid-day trading on Friday, hitting $5.99. 408,447 shares of the company traded hands, compared to its average volume of 170,208. The company has a market capitalization of $146.63, a PE ratio of -1.49 and a beta of 1.06. Libbey has a one year low of $5.75 and a one year high of $18.33.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Wednesday, February 28th will be given a $0.1175 dividend. This represents a $0.47 annualized dividend and a dividend yield of 7.85%. This is a boost from Libbey’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, February 27th. Libbey’s dividend payout ratio is -11.72%.

Several hedge funds have recently bought and sold shares of the stock. Royce & Associates LP increased its position in shares of Libbey by 360.9% in the fourth quarter. Royce & Associates LP now owns 1,106,184 shares of the company’s stock worth $8,319,000 after purchasing an additional 866,184 shares during the last quarter. Spitfire Capital LLC increased its position in shares of Libbey by 6.0% in the third quarter. Spitfire Capital LLC now owns 961,437 shares of the company’s stock worth $8,903,000 after purchasing an additional 54,281 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Libbey by 55.4% in the fourth quarter. Bank of New York Mellon Corp now owns 354,668 shares of the company’s stock worth $2,666,000 after purchasing an additional 126,508 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Libbey by 17.0% in the fourth quarter. California Public Employees Retirement System now owns 145,880 shares of the company’s stock worth $1,097,000 after purchasing an additional 21,154 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Libbey by 153.4% in the third quarter. GSA Capital Partners LLP now owns 119,100 shares of the company’s stock worth $1,103,000 after purchasing an additional 72,096 shares during the last quarter.

Several research firms recently weighed in on LBY. Zacks Investment Research cut shares of Libbey from a “hold” rating to a “strong sell” rating in a research report on Friday, November 3rd. TheStreet cut shares of Libbey from a “c-” rating to a “d” rating in a research report on Tuesday, October 31st.

COPYRIGHT VIOLATION NOTICE: “Libbey Inc. (LBY) Short Interest Update” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/02/09/libbey-inc-lby-short-interest-update-2.html.

Libbey Company Profile

Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.

Receive News & Ratings for Libbey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Libbey and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply