Short Interest in GrafTech International Ltd. (NYSE:EAF) Decreases By 6.5%

GrafTech International Ltd. (NYSE:EAF) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 14,210,000 shares, a decline of 6.5% from the October 31st total of 15,190,000 shares. Based on an average daily trading volume, of 2,220,000 shares, the short-interest ratio is currently 6.4 days. Currently, 7.7% of the shares of the stock are short sold.

Institutional Trading of GrafTech International

Several large investors have recently modified their holdings of EAF. Public Employees Retirement System of Ohio raised its stake in GrafTech International by 58.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 25,535 shares of the company’s stock worth $35,000 after buying an additional 9,416 shares during the period. Tyler Stone Wealth Management grew its holdings in shares of GrafTech International by 113.3% during the third quarter. Tyler Stone Wealth Management now owns 61,100 shares of the company’s stock valued at $81,000 after buying an additional 32,450 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of GrafTech International during the third quarter worth about $81,000. XTX Topco Ltd boosted its stake in GrafTech International by 179.6% during the 2nd quarter. XTX Topco Ltd now owns 135,485 shares of the company’s stock valued at $131,000 after purchasing an additional 87,027 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in GrafTech International by 30.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 101,449 shares of the company’s stock worth $134,000 after purchasing an additional 23,413 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup raised their price objective on GrafTech International from $1.00 to $2.20 and gave the stock a “neutral” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $1.80.

GrafTech International Trading Up 15.3 %

NYSE EAF traded up $0.28 on Tuesday, reaching $2.15. The company had a trading volume of 3,394,670 shares, compared to its average volume of 3,039,078. GrafTech International has a fifty-two week low of $0.52 and a fifty-two week high of $2.76. The company has a debt-to-equity ratio of 57.38, a current ratio of 3.79 and a quick ratio of 1.98. The firm has a market cap of $551.63 million, a price-to-earnings ratio of -1.83 and a beta of 0.95. The business has a 50 day moving average of $1.81 and a two-hundred day moving average of $1.29.

GrafTech International (NYSE:EAF) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.01. GrafTech International had a negative return on equity of 459.99% and a negative net margin of 55.21%. The firm had revenue of $130.65 million during the quarter, compared to analyst estimates of $128.14 million. During the same period last year, the company posted ($0.08) EPS. Analysts forecast that GrafTech International will post -0.43 EPS for the current year.

About GrafTech International

GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. The company offers graphite electrodes to produce electric arc furnace steel and other ferrous and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes and synthetic graphite.