GSM Stock: Is Ferroglobe Plc a Buy? The Stock Reported more Sellers


The stock of Ferroglobe Plc (NASDAQ:GSM) registered an increase of 41.49% in short interest. GSM’s total short interest was 4.09 million shares in November as published by FINRA. Its up 41.49% from 2.89 million shares, reported previously. With 690,800 shares average volume, it will take short sellers 6 days to cover their GSM’s short positions. The short interest to Ferroglobe Plc’s float is 6.26%.

The stock increased 1.75% or $0.28 on November 24, reaching $16.27. About 229,527 shares traded. Ferroglobe PLC (NASDAQ:GSM) has risen 6.84% since November 25, 2016 and is uptrending. It has underperformed by 9.86% the S&P500.

Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The company has market cap of $2.80 billion. The Firm produces silicon metal and silicon- and manganese alloy, which serves clients in the chemical, aluminum, solar, steel and ductile iron foundry industries. It currently has negative earnings. It operates through two divisions: Electrometallurgy and Energy.

Ferroglobe PLC (NASDAQ:GSM) Ratings Coverage

Among 9 analysts covering Globe Specialty Metals (NASDAQ:GSM), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Globe Specialty Metals had 26 analyst reports since August 5, 2015 according to SRatingsIntel. As per Monday, August 29, the company rating was maintained by Stifel Nicolaus. The stock has “Buy” rating by Robert W. Baird on Monday, September 19. B. Riley & Co maintained Ferroglobe PLC (NASDAQ:GSM) rating on Monday, November 9. B. Riley & Co has “Buy” rating and $19.50 target. The firm has “Overweight” rating by JP Morgan given on Monday, March 21. The rating was upgraded by Jefferies to “Buy” on Monday, June 13. B. Riley & Co downgraded the stock to “Neutral” rating in Thursday, August 25 report. The firm earned “Neutral” rating on Monday, August 29 by Briley. On Wednesday, August 30 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by Jefferies with “Buy” on Wednesday, October 4. As per Wednesday, August 9, the company rating was maintained by Oppenheimer.

More notable recent Ferroglobe PLC (NASDAQ:GSM) news were published by: which released: “Ferroglobe Provides Update on Trade Cases in the United States and Canada” on October 06, 2017, also with their article: “Ferroglobe Acquires Glencore European Manganese Plants in France and Norway …” published on November 21, 2017, published: “Grosvenor Capital Management, LP Buys Ferroglobe PLC, Viacom Inc, Chicago …” on November 15, 2017. More interesting news about Ferroglobe PLC (NASDAQ:GSM) were released by: and their article: “Ferroglobe Announces Inaugural Investor Day” published on September 22, 2017 as well as‘s news article titled: “Options Traders Expect Huge Moves in Ferroglobe (GSM) Stock” with publication date: November 24, 2017.


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