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

Glatfelter Co. (NYSE:GLTGet Free Report) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 3,430,000 shares, an increase of 14.3% from the February 29th total of 3,000,000 shares. Currently, 7.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Investors Weigh In On Glatfelter

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Glatfelter by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 2,277,670 shares of the basic materials company’s stock worth $4,419,000 after buying an additional 56,991 shares during the last quarter. Barclays PLC increased its holdings in Glatfelter by 82.0% in the 4th quarter. Barclays PLC now owns 60,704 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 27,350 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Glatfelter by 2.8% in the 4th quarter. Nuveen Asset Management LLC now owns 274,801 shares of the basic materials company’s stock valued at $533,000 after purchasing an additional 7,396 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Glatfelter in the 4th quarter valued at $97,000. Finally, CastleKnight Management LP increased its holdings in Glatfelter by 25.6% in the 4th quarter. CastleKnight Management LP now owns 579,207 shares of the basic materials company’s stock valued at $1,124,000 after purchasing an additional 117,910 shares in the last quarter. Hedge funds and other institutional investors own 76.92% of the company’s stock.

Glatfelter Price Performance

GLT stock traded down $0.10 on Tuesday, reaching $1.83. The company had a trading volume of 543,681 shares, compared to its average volume of 1,576,108. Glatfelter has a 1 year low of $1.25 and a 1 year high of $4.59. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.10 and a current ratio of 2.16. The company’s fifty day moving average is $1.93 and its 200 day moving average is $1.76. The company has a market cap of $82.81 million, a P/E ratio of -1.05 and a beta of 1.69.

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

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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