Short Interest in Libbey Inc. (LBY) Declines By 2.3%
Libbey Inc. (NYSEAMERICAN:LBY) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,783,266 shares, a decline of 2.3% from the August 15th total of 1,825,955 shares. Currently, 8.4% of the shares of the company are sold short. Based on an average daily volume of 348,450 shares, the short-interest ratio is presently 5.1 days.
NYSEAMERICAN:LBY opened at $8.95 on Thursday. Libbey has a fifty-two week low of $4.60 and a fifty-two week high of $11.54.
Libbey (NYSEAMERICAN:LBY) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.06. The company had revenue of $214.47 million during the quarter. Libbey had a negative net margin of 41.83% and a negative return on equity of 290.54%.
LBY has been the subject of several analyst reports. Dougherty & Co upgraded shares of Libbey from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Wednesday, August 1st. Zacks Investment Research upgraded shares of Libbey from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research note on Saturday, June 23rd.
Libbey Inc designs, produces, and sells tableware and other products worldwide. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.
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