Tecnoglass Inc (NASDAQ:TGLS) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totalling 203,000 shares, a decrease of 16.3% from the July 30th total of 242,400 shares. Based on an average trading volume of 60,400 shares, the short-interest ratio is currently 3.4 days. Currently, 1.1% of the shares of the company are sold short.

A number of institutional investors have recently added to or reduced their stakes in TGLS. Heartland Advisors Inc. increased its position in shares of Tecnoglass by 175.4% during the second quarter. Heartland Advisors Inc. now owns 350,000 shares of the company’s stock valued at $1,908,000 after acquiring an additional 222,935 shares during the last quarter. Aptus Capital Advisors LLC acquired a new stake in shares of Tecnoglass during the second quarter valued at about $426,000. Invesco Ltd. increased its position in shares of Tecnoglass by 95.7% during the first quarter. Invesco Ltd. now owns 130,260 shares of the company’s stock valued at $503,000 after acquiring an additional 63,696 shares during the last quarter. Monarch Partners Asset Management LLC increased its position in shares of Tecnoglass by 28.2% during the first quarter. Monarch Partners Asset Management LLC now owns 175,183 shares of the company’s stock valued at $676,000 after acquiring an additional 38,516 shares during the last quarter. Finally, Penn Capital Management Co. Inc. boosted its stake in shares of Tecnoglass by 12.7% in the first quarter. Penn Capital Management Co. Inc. now owns 287,099 shares of the company’s stock valued at $1,108,000 after purchasing an additional 32,265 shares during the period. Hedge funds and other institutional investors own 15.66% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a report on Thursday, August 13th. Raymond James upped their price objective on shares of Tecnoglass from $6.00 to $7.00 and gave the company a “strong-buy” rating in a report on Friday, August 7th. ValuEngine downgraded shares of Tecnoglass from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Finally, BidaskClub downgraded shares of Tecnoglass from a “buy” rating to a “hold” rating in a report on Wednesday, August 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Tecnoglass presently has an average rating of “Hold” and an average target price of $5.92.

TGLS opened at $5.32 on Friday. The company has a quick ratio of 1.85, a current ratio of 2.51 and a debt-to-equity ratio of 1.47. The company has a market cap of $253.65 million, a price-to-earnings ratio of 35.47, a PEG ratio of 0.53 and a beta of 1.45. Tecnoglass has a 52-week low of $2.15 and a 52-week high of $8.93. The firm’s fifty day simple moving average is $5.34 and its two-hundred day simple moving average is $4.85.

Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.07. Tecnoglass had a net margin of 1.89% and a return on equity of 17.80%. The business had revenue of $81.94 million for the quarter, compared to the consensus estimate of $90.21 million. On average, research analysts forecast that Tecnoglass will post 0.52 EPS for the current year.

Tecnoglass Company Profile

Tecnoglass Inc, through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.

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