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 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.
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.
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