Short Interest in Ferrovial SE (NASDAQ:FER) Grows By 161.4%

Ferrovial SE (NASDAQ:FER) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 6,385,754 shares, a growth of 161.4% from the December 15th total of 2,442,534 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 7,182,802 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 7,182,802 shares, the short-interest ratio is currently 0.9 days. Currently, 0.9% of the shares of the stock are short sold.

Ferrovial Price Performance

Ferrovial stock opened at $67.75 on Wednesday. Ferrovial has a 1-year low of $40.07 and a 1-year high of $68.09. The company’s 50-day moving average is $65.38 and its 200 day moving average is $59.60.

Ferrovial Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were paid a $0.077 dividend. The ex-dividend date was Friday, December 5th.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup restated a “buy” rating and set a $75.30 price target (up previously from $72.10) on shares of Ferrovial in a report on Friday, December 19th. Sanford C. Bernstein lowered shares of Ferrovial from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, December 10th. Morgan Stanley restated an “overweight” rating on shares of Ferrovial in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ferrovial in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Ferrovial in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.30.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FER. Generali Asset Management SPA SGR raised its position in shares of Ferrovial by 183.0% in the 3rd quarter. Generali Asset Management SPA SGR now owns 46,617 shares of the company’s stock worth $2,732,000 after acquiring an additional 30,143 shares in the last quarter. Swiss National Bank grew its stake in Ferrovial by 13.9% in the second quarter. Swiss National Bank now owns 1,549,642 shares of the company’s stock valued at $82,172,000 after purchasing an additional 188,879 shares during the last quarter. Cooper Investors PTY Ltd. bought a new position in Ferrovial in the third quarter worth about $7,472,000. Fisher Asset Management LLC lifted its position in shares of Ferrovial by 30.6% during the second quarter. Fisher Asset Management LLC now owns 496,437 shares of the company’s stock valued at $26,594,000 after buying an additional 116,229 shares during the last quarter. Finally, TCI Fund Management Ltd. boosted its holdings in shares of Ferrovial by 0.7% in the 2nd quarter. TCI Fund Management Ltd. now owns 19,470,666 shares of the company’s stock valued at $1,038,720,000 after buying an additional 137,238 shares in the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

About Ferrovial

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.