Short Interest in Libbey Inc. (LBY) Increases By 25.8%

Libbey Inc. (NYSEAMERICAN:LBY) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,260,077 shares, an increase of 25.8% from the February 15th total of 1,796,535 shares. Based on an average daily trading volume, of 360,579 shares, the short-interest ratio is currently 6.3 days. Approximately 10.9% of the shares of the stock are short sold.

Separately, Zacks Investment Research upgraded shares of Libbey from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 3rd.

Several institutional investors and hedge funds have recently made changes to their positions in LBY. Aperio Group LLC acquired a new position in shares of Libbey in the fourth quarter worth about $104,000. Alambic Investment Management L.P. acquired a new position in shares of Libbey in the fourth quarter worth about $159,000. Virtu Financial LLC acquired a new position in shares of Libbey in the fourth quarter worth about $163,000. Investors Research Corp acquired a new position in shares of Libbey in the fourth quarter worth about $171,000. Finally, 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 worth $185,000 after buying an additional 10,900 shares during the period.

Libbey (LBY) traded up $0.25 during trading hours on Friday, hitting $7.19. 264,090 shares of the stock traded hands, compared to its average volume of 200,065. Libbey has a one year low of $5.75 and a one year high of $14.79. The company has a market cap of $155.55, a price-to-earnings ratio of -1.77 and a beta of 1.10.

Libbey (NYSEAMERICAN:LBY) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.31). Libbey had a negative net margin of 41.83% and a negative return on equity of 290.54%. The business had revenue of $224.83 million for the quarter, compared to the consensus estimate of $212.74 million. During the same quarter last year, the business posted ($0.10) EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.1175 per share. This is a positive change from Libbey’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, February 27th. This represents a $0.47 annualized dividend and a dividend yield of 6.54%. Libbey’s dividend payout ratio (DPR) is -11.96%.

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About Libbey

Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.

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