GrafTech International Ltd. (NYSE:EAF) Short Interest Up 5.0% in April

GrafTech International Ltd. (NYSE:EAFGet Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 15,630,000 shares, an increase of 5.0% from the April 15th total of 14,880,000 shares. Based on an average trading volume of 3,080,000 shares, the days-to-cover ratio is currently 5.1 days. Currently, 9.9% of the shares of the company are sold short.

GrafTech International Stock Performance

Shares of NYSE EAF opened at $1.74 on Friday. GrafTech International has a 1 year low of $1.18 and a 1 year high of $5.32. The company has a debt-to-equity ratio of 24.74, a quick ratio of 1.91 and a current ratio of 3.73. The stock has a fifty day moving average price of $1.62 and a two-hundred day moving average price of $1.86. The firm has a market cap of $447.48 million, a P/E ratio of -1.60 and a beta of 1.05.

GrafTech International (NYSE:EAFGet Free Report) last released its earnings results on Friday, April 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.08. GrafTech International had a negative return on equity of 66.36% and a negative net margin of 45.08%. The firm had revenue of $136.80 million for the quarter, compared to analyst estimates of $125.73 million. During the same period in the previous year, the company earned ($0.02) earnings per share. GrafTech International’s revenue was down 1.4% compared to the same quarter last year. Research analysts forecast that GrafTech International will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on EAF. Royal Bank of Canada decreased their price objective on GrafTech International from $3.00 to $2.00 and set a “sector perform” rating for the company in a report on Friday, February 16th. BMO Capital Markets cut their price objective on shares of GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a research note on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1.88.

Check Out Our Latest Report on GrafTech International

Insider Buying and Selling

In related news, major shareholder Colonial House Capital Ltd bought 2,303,599 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was bought at an average cost of $1.78 per share, for a total transaction of $4,100,406.22. Following the completion of the purchase, the insider now directly owns 29,535,575 shares in the company, valued at approximately $52,573,323.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 3,293,315 shares of company stock worth $5,806,743 over the last quarter. 0.60% of the stock is owned by company insiders.

Institutional Trading of GrafTech International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC grew its position in GrafTech International by 211.9% in the fourth quarter. CWM LLC now owns 14,000 shares of the company’s stock worth $31,000 after buying an additional 9,511 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of GrafTech International by 58.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 25,535 shares of the company’s stock worth $35,000 after acquiring an additional 9,416 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of GrafTech International in the 3rd quarter worth $44,000. Terril Brothers Inc. acquired a new stake in shares of GrafTech International during the fourth quarter worth $44,000. Finally, Welch Group LLC lifted its holdings in shares of GrafTech International by 71.2% during the first quarter. Welch Group LLC now owns 34,243 shares of the company’s stock valued at $47,000 after purchasing an additional 14,243 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

GrafTech International Company Profile

(Get Free Report)

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.

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