Ferrovial SE (NASDAQ:FER) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Ferrovial SE (NASDAQ:FER – Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 803,900 shares, an increase of 6.9% from the September 30th total of 752,200 shares. Based on an average trading volume of 34,400 shares, the short-interest ratio is currently 23.4 days. Currently, 0.2% of the company’s shares are short sold.

Ferrovial Price Performance

NASDAQ FER traded up $0.02 during trading hours on Friday, hitting $40.23. 9,383 shares of the company were exchanged, compared to its average volume of 26,501. The company’s 50 day simple moving average is $41.71. Ferrovial has a 52-week low of $32.82 and a 52-week high of $48.29.

Ferrovial Increases Dividend

The company also recently declared a — dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 7th will be paid a dividend of $0.4592 per share. The ex-dividend date is Thursday, November 7th. This is an increase from Ferrovial’s previous — dividend of $0.33.

Institutional Trading of Ferrovial

A number of hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC acquired a new stake in shares of Ferrovial in the 2nd quarter valued at approximately $921,680,000. Legal & General Group Plc purchased a new position in Ferrovial in the 2nd quarter valued at approximately $325,256,000. Toronto Dominion Bank purchased a new position in Ferrovial in the 2nd quarter valued at approximately $79,653,000. Bank of Montreal Can purchased a new position in Ferrovial in the 2nd quarter valued at approximately $69,715,000. Finally, DekaBank Deutsche Girozentrale increased its stake in Ferrovial by 5.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,628,846 shares of the company’s stock valued at $69,830,000 after purchasing an additional 89,293 shares in the last quarter.

About Ferrovial

(Get Free Report)

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.

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