Libbey Inc. (LBY) Short Interest Update

Libbey Inc. (NYSEAMERICAN:LBY) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 517,441 shares, a decrease of 0.7% from the October 13th total of 521,146 shares. Based on an average daily trading volume, of 207,409 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.4% of the company’s stock are sold short.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Libbey from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. TheStreet downgraded Libbey from a “c-” rating to a “d” rating in a research report on Tuesday, October 31st.

A hedge fund recently bought a new stake in Libbey stock. Royce & Associates LP acquired a new position in Libbey Inc. (NYSEAMERICAN:LBY) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 240,000 shares of the company’s stock, valued at approximately $2,222,000. Royce & Associates LP owned about 1.09% of Libbey as of its most recent SEC filing.

Shares of Libbey (NYSEAMERICAN LBY) opened at $7.22 on Tuesday. Libbey has a 12-month low of $6.12 and a 12-month high of $20.76.

Libbey (NYSEAMERICAN:LBY) last issued its quarterly earnings data on Tuesday, October 31st. The company reported ($3.57) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($3.88). Libbey had a negative net margin of 0.42% and a negative return on equity of 2.32%. The company had revenue of $187.30 million for the quarter, compared to the consensus estimate of $193.74 million. During the same period in the previous year, the business earned $0.13 EPS. Libbey’s revenue for the quarter was down 4.9% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, November 7th will be given a dividend of $0.117 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.47 dividend on an annualized basis and a yield of 6.48%. This is an increase from Libbey’s previous quarterly dividend of $0.12. Libbey’s dividend payout ratio (DPR) is presently -11.72%.

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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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