Glatfelter Co. (NYSE:GLT) Short Interest Update

Glatfelter Co. (NYSE:GLT) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 1,820,000 shares, a growth of 236.3% from the September 30th total of 541,200 shares. Based on an average daily trading volume, of 227,700 shares, the days-to-cover ratio is presently 8.0 days. Currently, 4.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Glatfelter from a “sell” rating to a “hold” rating in a research note on Friday, August 9th.

Glatfelter Stock Down 1.7 %

Glatfelter stock traded down $0.03 during mid-day trading on Friday, reaching $1.74. 334,967 shares of the company’s stock were exchanged, compared to its average volume of 253,033. The company has a quick ratio of 1.06, a current ratio of 2.21 and a debt-to-equity ratio of 4.19. Glatfelter has a twelve month low of $1.22 and a twelve month high of $2.71. The company has a market cap of $79.00 million, a P/E ratio of -1.11 and a beta of 1.74. The company has a fifty day moving average of $1.70 and a 200-day moving average of $1.64.

Glatfelter (NYSE:GLT) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter. The firm had revenue of $329.44 million during the quarter. Glatfelter had a negative return on equity of 16.21% and a negative net margin of 5.44%.

Insider Buying and Selling at Glatfelter

In other Glatfelter news, major shareholder Carlson Capital, L.P. sold 50,000 shares of Glatfelter stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $1.82, for a total transaction of $91,000.00. Following the completion of the sale, the insider now directly owns 4,655,691 shares in the company, valued at $8,473,357.62. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Glatfelter

A number of institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System boosted its stake in Glatfelter by 138.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 27,348 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 15,855 shares during the period. Littlejohn & Co. LLC increased its position in Glatfelter by 111.5% in the 1st quarter. Littlejohn & Co. LLC now owns 3,067,767 shares of the basic materials company’s stock valued at $6,136,000 after acquiring an additional 1,617,110 shares during the period. Vanguard Group Inc. raised its stake in Glatfelter by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 2,369,984 shares of the basic materials company’s stock valued at $4,740,000 after acquiring an additional 92,314 shares during the last quarter. Gabelli Funds LLC lifted its position in Glatfelter by 17.6% during the 1st quarter. Gabelli Funds LLC now owns 40,000 shares of the basic materials company’s stock worth $80,000 after acquiring an additional 6,000 shares during the period. Finally, Alpine Global Management LLC acquired a new position in shares of Glatfelter in the first quarter valued at approximately $80,000. 76.92% of the stock is owned by hedge funds and other institutional investors.

Glatfelter Company Profile

Glatfelter Corporation, together with its subsidiaries, engages in the manufacture and sale of engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wraps, and other consumer product applications; composite laminates consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, home, hygiene, and other engineered fiber-based applications.