Libbey shares saw large growth in short interest during the month of November, with short interest totalling 521,953 shares, a growth of 3.9% from the 14 November total of 502,509 shares, reported on 28 November.
Shares of Libbey saw a large growth in short interest during the month of November. As of 28 November, there was short interest totalling 521,953 shares, a growth of 3.9% from the 14 November total of 502,509 shares. Based on an average daily volume of 66,325 shares, the days-to-cover ratio is presently 7.9 days. Currently, 2.5% of the company’s shares are short sold.
In other Libbey news, Director Carlos V. Duno unloaded 1,000 shares of the company’s stock on the open market in a transaction dated Tuesday, 2 December. The stock was sold at an average price of USD 29.47, for a total value of USD 29,470.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission.
Libbey opened at 29.22 on 11 December. Libbey has a one year low of USD 19.19 and a one year high of USD 30.80. The stock’s 50-day moving average is USD 28.90 and its 200-day moving average is USD 27.12. The company’s market cap is USD 633.1 million.
Libbey last released its earnings data on 4 November. The company reported USD 0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of USD 0.67 by USD 0.05. The company had revenue of USD 216.00 million for the quarter, compared to the consensus estimate of USD 217.56 million. During the same quarter last year, the company posted USD 0.21 earnings per share. Libbey’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Libbey will post USD 2.37 EPS for the current fiscal year.
Libbey Inc is a producer of glass tableware products in the Western Hemisphere, in addition to supplying to key markets throughout the world.