Libbey Inc. (NYSEAMERICAN:LBY) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,653,118 shares, an increase of 1.9% from the January 15th total of 1,622,021 shares. Based on an average trading volume of 80,247 shares, the short-interest ratio is presently 20.6 days. Currently, 7.8% of the company’s stock are short sold.
Separately, Zacks Investment Research downgraded shares of Libbey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 13th.
NYSEAMERICAN:LBY opened at $5.46 on Wednesday. Libbey has a 12 month low of $3.45 and a 12 month high of $11.54.
Large investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in shares of Libbey during the third quarter worth $165,000. Bank of America Corp DE lifted its stake in shares of Libbey by 99.0% during the second quarter. Bank of America Corp DE now owns 19,208 shares of the company’s stock worth $156,000 after buying an additional 9,555 shares during the period. Ibex Investors LLC acquired a new stake in shares of Libbey during the third quarter worth $188,000. Engineers Gate Manager LP acquired a new stake in shares of Libbey during the third quarter worth $359,000. Finally, Jane Street Group LLC lifted its stake in shares of Libbey by 94.4% during the second quarter. Jane Street Group LLC now owns 45,606 shares of the company’s stock worth $371,000 after buying an additional 22,146 shares during the period.
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Libbey Company Profile
Libbey Inc designs, produces, and sells tableware and other products worldwide. 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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