Radius Recycling, Inc. (NASDAQ:RDUS) Short Interest Up 18.6% in January

Radius Recycling, Inc. (NASDAQ:RDUS) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 625,500 shares, an increase of 18.6% from the January 15th total of 527,500 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 246,700 shares, the short-interest ratio is presently 2.5 days.

Radius Recycling Stock Performance

Shares of Radius Recycling stock traded up $0.23 during trading on Monday, hitting $12.65. 161,718 shares of the stock were exchanged, compared to its average volume of 252,309. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. Radius Recycling has a 12 month low of $10.57 and a 12 month high of $25.45. The stock’s fifty day moving average is $14.01 and its 200 day moving average is $15.99. The stock has a market cap of $356.22 million, a PE ratio of -1.26 and a beta of 1.60.

Radius Recycling (NASDAQ:RDUS) last posted its earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.67). The firm had revenue of $656.54 million during the quarter, compared to the consensus estimate of $665.90 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. Radius Recycling’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.64) EPS. As a group, sell-side analysts anticipate that Radius Recycling will post -3.84 EPS for the current year.

Radius Recycling Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.1875 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.75 dividend on an annualized basis and a yield of 5.93%. Radius Recycling’s dividend payout ratio (DPR) is presently -7.49%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Ameriprise Financial Inc. lifted its holdings in Radius Recycling by 17.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,499,259 shares of the basic materials company’s stock worth $38,039,000 after purchasing an additional 377,212 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Radius Recycling in the 4th quarter worth approximately $4,199,000. FMR LLC boosted its holdings in shares of Radius Recycling by 23.7% in the third quarter. FMR LLC now owns 951,337 shares of the basic materials company’s stock valued at $17,638,000 after acquiring an additional 182,435 shares in the last quarter. Icon Advisers Inc. Co. increased its stake in shares of Radius Recycling by 115.9% during the fourth quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company’s stock valued at $4,338,000 after acquiring an additional 153,000 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Radius Recycling in the fourth quarter worth approximately $1,964,000. 78.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on RDUS. The Goldman Sachs Group initiated coverage on shares of Radius Recycling in a report on Monday, December 2nd. They issued a “neutral” rating and a $22.00 target price on the stock. StockNews.com downgraded Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday, December 26th.

Radius Recycling Company Profile

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.