Short Interest in Constellium SE (NYSE:CSTM) Drops By 13.7%

Constellium SE (NYSE:CSTM) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 2,340,000 shares, a decline of 13.7% from the January 15th total of 2,710,000 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 1,160,000 shares, the days-to-cover ratio is presently 2.0 days.

Analysts Set New Price Targets

A number of analysts recently weighed in on CSTM shares. StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. BMO Capital Markets lowered their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and lowered their target price for the company from $22.00 to $12.00 in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.50.

Constellium Price Performance

Shares of CSTM stock opened at $9.34 on Tuesday. Constellium has a 1 year low of $9.26 and a 1 year high of $23.20. The firm’s 50 day moving average is $10.29 and its 200-day moving average is $12.92. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.62 and a beta of 1.68. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93.

Institutional Investors Weigh In On Constellium

A number of institutional investors and hedge funds have recently modified their holdings of CSTM. Creative Planning raised its stake in shares of Constellium by 16.3% during the third quarter. Creative Planning now owns 62,368 shares of the industrial products company’s stock worth $1,014,000 after buying an additional 8,755 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Constellium during the third quarter worth approximately $174,000. Net Worth Advisory Group bought a new stake in Constellium in the third quarter valued at approximately $213,000. Blue Trust Inc. increased its stake in Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,753 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Constellium by 41.5% in the third quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 2,805 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.