Short Interest in Glatfelter Co. (NYSE:GLT) Rises By 14.3%

Glatfelter Co. (NYSE:GLTGet Free Report) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 3,430,000 shares, a growth of 14.3% from the February 29th total of 3,000,000 shares. Approximately 7.9% of the company’s shares are short sold. Based on an average daily volume of 1,530,000 shares, the short-interest ratio is currently 2.2 days.

Glatfelter Trading Down 5.2 %

Shares of NYSE:GLT traded down $0.10 during trading on Tuesday, hitting $1.83. The company had a trading volume of 543,681 shares, compared to its average volume of 1,576,108. Glatfelter has a one year low of $1.25 and a one year high of $4.59. The company has a debt-to-equity ratio of 3.32, a current ratio of 2.16 and a quick ratio of 1.10. The stock has a market cap of $82.81 million, a price-to-earnings ratio of -1.05 and a beta of 1.69. The company has a fifty day simple moving average of $1.93 and a two-hundred day simple moving average of $1.76.

Glatfelter (NYSE:GLTGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter. Glatfelter had a negative return on equity of 14.04% and a negative net margin of 5.71%. The business had revenue of $320.38 million for the quarter.

Institutional Investors Weigh In On Glatfelter

Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC raised its position in Glatfelter by 90.4% during the 4th quarter. Millennium Management LLC now owns 1,849,644 shares of the basic materials company’s stock valued at $5,142,000 after purchasing an additional 878,276 shares in the last quarter. Citadel Advisors LLC raised its position in Glatfelter by 162.4% during the 3rd quarter. Citadel Advisors LLC now owns 905,298 shares of the basic materials company’s stock valued at $2,815,000 after purchasing an additional 560,316 shares in the last quarter. Two Sigma Investments LP raised its position in Glatfelter by 4,183.7% during the 3rd quarter. Two Sigma Investments LP now owns 555,165 shares of the basic materials company’s stock valued at $1,727,000 after purchasing an additional 542,205 shares in the last quarter. Marshall Wace LLP raised its position in Glatfelter by 179.9% during the 4th quarter. Marshall Wace LLP now owns 828,243 shares of the basic materials company’s stock valued at $2,303,000 after purchasing an additional 532,302 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Glatfelter by 32.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,155,104 shares of the basic materials company’s stock valued at $4,181,000 after purchasing an additional 522,924 shares in the last quarter. 76.92% of the stock is owned by institutional investors.

About Glatfelter

(Get Free Report)

Glatfelter Corporation, together with its subsidiaries, engages in the manufacture and sale of engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wraps, and other consumer product applications; composite laminates consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, home, hygiene, and other engineered fiber-based applications.

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