REalloys Inc (NASDAQ:ALOY) Short Interest Up 28.8% in February

REalloys Inc (NASDAQ:ALOY) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 344,566 shares, an increase of 28.8% from the February 12th total of 267,541 shares. Approximately 9.6% of the company’s shares are sold short. Based on an average daily volume of 344,408 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 344,408 shares, the days-to-cover ratio is presently 1.0 days. Approximately 9.6% of the company’s shares are sold short.

REalloys Stock Performance

Shares of ALOY stock opened at $11.25 on Tuesday. The stock has a market capitalization of $642.49 million, a P/E ratio of -9.62 and a beta of 1.44. The company has a 50 day moving average price of $13.12 and a 200 day moving average price of $9.67. REalloys has a fifty-two week low of $2.60 and a fifty-two week high of $26.90.

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

Institutional Trading of REalloys

Several hedge funds have recently modified their holdings of ALOY. Corient Private Wealth LLC purchased a new position in REalloys in the second quarter valued at $62,000. Pekin Hardy Strauss Inc. purchased a new stake in REalloys during the 4th quarter worth about $81,000. Canton Hathaway LLC acquired a new stake in REalloys in the 4th quarter valued at about $95,000. Geode Capital Management LLC raised its position 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. Finally, Franklin Resources Inc. purchased a new position in shares of REalloys in the 4th quarter valued at about $741,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

REalloys Company Profile

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.