REalloys Inc (NASDAQ:ALOY) Short Interest Up 70.0% in March

REalloys Inc (NASDAQ:ALOY) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 585,908 shares, an increase of 70.0% from the February 26th total of 344,566 shares. Based on an average trading volume of 1,974,896 shares, the short-interest ratio is presently 0.3 days. Approximately 1.3% of the shares of the company are sold short.

REalloys Stock Performance

NASDAQ:ALOY opened at $9.98 on Friday. REalloys has a 12-month low of $2.60 and a 12-month high of $26.90. The stock’s 50 day simple moving average is $13.44 and its 200-day simple moving average is $10.00. The firm has a market cap of $569.96 million, a P/E ratio of -8.53 and a beta of 1.45.

REalloys (NASDAQ:ALOY) last issued its quarterly earnings results on Monday, February 23rd. The company reported ($0.40) earnings per share for the quarter. REalloys had a negative return on equity of 96.75% and a negative net margin of 182.07%.The company had revenue of $0.63 million for the quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ALOY shares. Wall Street Zen raised REalloys from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings restated a “sell (d-)” rating on shares of REalloys in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Insiders Place Their Bets

In other REalloys news, insider Gust Kepler sold 62,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $12.89, for a total value of $799,180.00. Following the completion of the transaction, the insider owned 414,218 shares in the company, valued at $5,339,270.02. This represents a 13.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 20.10% of the stock is currently owned by company insiders.

Institutional Trading of REalloys

Hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. acquired a new position in shares of REalloys during the fourth quarter worth about $741,000. Canton Hathaway LLC acquired a new stake in REalloys in the fourth quarter valued at about $95,000. Corient Private Wealth LLC acquired a new stake in REalloys in the second quarter valued at about $62,000. Pekin Hardy Strauss Inc. purchased a new stake in REalloys in the 4th quarter valued at approximately $81,000. Finally, Geode Capital Management LLC boosted its holdings in REalloys by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after purchasing an additional 1,422 shares in the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

About REalloys

REalloys Inc operates as a rare earth metals and permanent magnet company in North America. The company produces rare earth metals, such as neodymium, praseodymium, dysprosium, terbium, samarium, gadolinium, yttrium, and scandium; and magnets, such as NdFeB Magnets, SmFe12 Magnets, and MnBi Magnets. The company was founded in 2024 and is headquartered in Euclid, Ohio.