Libbey Inc. (LBY) Sees Significant Increase in Short Interest

Libbey Inc. (NYSEAMERICAN:LBY) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 3,126,285 shares, a growth of 2.6% from the May 31st total of 3,047,453 shares. Currently, 14.7% of the company’s shares are sold short. Based on an average daily volume of 174,671 shares, the short-interest ratio is currently 17.9 days.

Several institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC boosted its holdings in shares of Libbey by 58.5% in the first quarter. Aperio Group LLC now owns 21,911 shares of the company’s stock valued at $107,000 after buying an additional 8,088 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Libbey by 79.3% in the fourth quarter. Macquarie Group Ltd. now owns 24,637 shares of the company’s stock valued at $185,000 after buying an additional 10,900 shares during the period. LSV Asset Management boosted its holdings in shares of Libbey by 7.7% in the first quarter. LSV Asset Management now owns 175,400 shares of the company’s stock valued at $857,000 after buying an additional 12,500 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Libbey by 205.1% in the first quarter. The Manufacturers Life Insurance Company now owns 20,615 shares of the company’s stock valued at $101,000 after buying an additional 13,859 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Libbey by 17.0% in the fourth quarter. California Public Employees Retirement System now owns 145,880 shares of the company’s stock valued at $1,097,000 after buying an additional 21,154 shares during the period.

Separately, Zacks Investment Research raised shares of Libbey from a “sell” rating to a “hold” rating in a research note on Friday, April 6th.

NYSEAMERICAN:LBY traded down $0.02 during trading hours on Wednesday, hitting $8.31. The stock had a trading volume of 3,188 shares, compared to its average volume of 222,882. Libbey has a one year low of $4.60 and a one year high of $10.30.

Libbey (NYSEAMERICAN:LBY) last issued its earnings results on Tuesday, May 1st. The company reported ($0.13) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). The firm had revenue of $181.91 million during the quarter. Libbey had a negative net margin of 41.83% and a negative return on equity of 290.54%. During the same period in the previous year, the company posted ($0.30) EPS.

About Libbey

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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