Libbey Inc. (LBY) Short Interest Down 5.2% in April

Libbey Inc. (NYSEAMERICAN:LBY) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 1,600,105 shares, a drop of 5.2% from the April 15th total of 1,688,544 shares. Based on an average daily volume of 265,038 shares, the days-to-cover ratio is currently 6.0 days. Currently, 7.6% of the company’s shares are short sold.

NYSEAMERICAN LBY opened at $2.22 on Friday. Libbey has a 1 year low of $2.21 and a 1 year high of $11.54.

Libbey (NYSEAMERICAN:LBY) last posted its earnings results on Tuesday, April 30th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.05). The company had revenue of $175.65 million during the quarter.

In other Libbey news, CEO Michael P. Bauer bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average cost of $2.54 per share, with a total value of $25,400.00. Following the completion of the purchase, the chief executive officer now directly owns 1,200 shares of the company’s stock, valued at $3,048. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 21,000 shares of company stock worth $56,560 over the last three months.

A number of institutional investors have recently bought and sold shares of LBY. Boston Partners boosted its position in Libbey by 62.2% during the 4th quarter. Boston Partners now owns 1,238,392 shares of the company’s stock valued at $4,805,000 after acquiring an additional 475,022 shares in the last quarter. Royce & Associates LP boosted its position in Libbey by 17.2% during the 1st quarter. Royce & Associates LP now owns 1,932,362 shares of the company’s stock valued at $5,488,000 after acquiring an additional 284,113 shares in the last quarter. BlackRock Inc. boosted its position in Libbey by 63.2% during the 3rd quarter. BlackRock Inc. now owns 438,014 shares of the company’s stock valued at $3,832,000 after acquiring an additional 169,676 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Libbey by 133.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 260,578 shares of the company’s stock valued at $2,280,000 after acquiring an additional 148,831 shares in the last quarter. Finally, Wynnefield Capital Inc. boosted its position in Libbey by 10.4% during the 4th quarter. Wynnefield Capital Inc. now owns 930,000 shares of the company’s stock valued at $3,608,000 after acquiring an additional 87,800 shares in the last quarter.

Separately, Zacks Investment Research raised Libbey from a “strong sell” rating to a “hold” rating and set a $3.00 target price on the stock in a research note on Tuesday, April 30th.

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About Libbey

Libbey Inc designs, produces, and sells tableware and other products in the United States, Canada, Latin America, Europe, the Middle East, Africa, and internationally. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.

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