Short Interest in Constellium SE (NYSE:CSTM) Drops By 13.7%

Constellium SE (NYSE:CSTM) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 2,340,000 shares, a drop of 13.7% from the January 15th total of 2,710,000 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 1,160,000 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new position in Constellium in the fourth quarter valued at about $31,000. Blue Trust Inc. raised its stake in Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,753 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Constellium in the fourth quarter valued at about $70,000. Quadrant Capital Group LLC raised its stake in Constellium by 25.8% in the fourth quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 1,645 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Constellium in the fourth quarter valued at about $106,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

CSTM has been the subject of several analyst reports. BMO Capital Markets decreased their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.50.

Constellium Trading Down 2.0 %

Shares of Constellium stock opened at $9.34 on Tuesday. The firm has a 50-day moving average of $10.29 and a 200-day moving average of $12.92. The stock has a market cap of $1.37 billion, a PE ratio of 12.62 and a beta of 1.68. Constellium has a 52-week low of $9.26 and a 52-week high of $23.20. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.