Libbey Inc. (NYSEAMERICAN:LBY) Short Interest Up 10.2% in July

Libbey Inc. (NYSEAMERICAN:LBY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 3,067,700 shares, a growth of 10.2% from the June 30th total of 2,783,800 shares. Based on an average daily trading volume, of 198,400 shares, the short-interest ratio is currently 15.5 days. Currently, 14.6% of the shares of the company are short sold.

In other news, major shareholder Brigade Capital Management, Lp sold 320,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $1.75, for a total transaction of $560,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP increased its stake in Libbey by 164.1% in the second quarter. Marshall Wace LLP now owns 136,535 shares of the company’s stock valued at $254,000 after acquiring an additional 84,831 shares during the period. Vanguard Group Inc. increased its stake in Libbey by 43.3% in the second quarter. Vanguard Group Inc. now owns 1,066,011 shares of the company’s stock valued at $1,982,000 after acquiring an additional 322,009 shares during the period. A.R.T. Advisors LLC bought a new stake in Libbey in the second quarter valued at about $125,000. Jacobs Levy Equity Management Inc. bought a new stake in Libbey in the second quarter valued at about $81,000. Finally, Parametric Portfolio Associates LLC increased its stake in Libbey by 9.8% in the second quarter. Parametric Portfolio Associates LLC now owns 78,828 shares of the company’s stock valued at $147,000 after acquiring an additional 7,048 shares during the period.

Separately, Zacks Investment Research cut shares of Libbey from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd.

NYSEAMERICAN LBY opened at $1.67 on Friday. Libbey has a twelve month low of $1.45 and a twelve month high of $11.50.

Libbey (NYSEAMERICAN:LBY) last posted its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.03). The company had revenue of $206.16 million for the quarter.

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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