Short Interest in REalloys Inc (NASDAQ:ALOY) Increases By 59.4%

REalloys Inc (NASDAQ:ALOY) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 9,560,121 shares, an increase of 59.4% from the July 15th total of 5,998,374 shares. Based on an average daily volume of 3,097,997 shares, the short-interest ratio is currently 3.1 days. Approximately 17.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALOY. State of Wyoming acquired a new stake in REalloys in the second quarter worth $47,000. Corient Private Wealth LLC acquired a new position in shares of REalloys during the second quarter valued at $62,000. Legal & General Group Plc acquired a new position in shares of REalloys during the second quarter valued at $80,000. Pekin Hardy Strauss Inc. bought a new position in shares of REalloys during the fourth quarter worth about $81,000. Finally, Quantbot Technologies LP bought a new position in shares of REalloys during the second quarter worth about $132,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

REalloys Stock Down 7.3%

ALOY opened at $12.51 on Thursday. The company’s 50-day moving average price is $12.40 and its 200 day moving average price is $11.98. REalloys has a fifty-two week low of $5.64 and a fifty-two week high of $26.90. The firm has a market cap of $863.06 million, a price-to-earnings ratio of -3.96 and a beta of 1.35.

REalloys (NASDAQ:ALOY) last issued its earnings results on Thursday, August 13th. The company reported ($0.59) EPS for the quarter. The company had revenue of $0.80 million during the quarter. REalloys had a negative net margin of 5,145.12% and a negative return on equity of 192.93%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ALOY. Wall Street Zen raised shares of REalloys from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Needham & Company LLC decreased their price objective on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.00.

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.