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

Ferrovial SE (NASDAQ:FER) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 885,900 shares, a growth of 10.5% from the October 31st total of 801,700 shares. Based on an average daily trading volume, of 37,800 shares, the short-interest ratio is presently 23.4 days. Approximately 0.2% of the shares of the company are short sold.

Ferrovial Price Performance

Ferrovial stock traded up $0.22 during mid-day trading on Monday, hitting $41.59. 44,130 shares of the company were exchanged, compared to its average volume of 28,159. The business has a fifty day moving average of $40.69. Ferrovial has a 1-year low of $35.30 and a 1-year 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 issued a dividend of $0.4592 per share. This is an increase from Ferrovial’s previous — dividend of $0.33. The ex-dividend date is Thursday, November 7th.

Institutional Trading of Ferrovial

Several large investors have recently added to or reduced their stakes in FER. Public Employees Retirement System of Ohio acquired a new position in Ferrovial in the third quarter worth $1,865,000. Luxor Capital Group LP raised its holdings in shares of Ferrovial by 203.8% in the third quarter. Luxor Capital Group LP now owns 871,945 shares of the company’s stock valued at $37,659,000 after buying an additional 584,963 shares during the last quarter. Zurich Insurance Group Ltd FI lifted its position in Ferrovial by 183.0% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 332,034 shares of the company’s stock worth $14,281,000 after buying an additional 214,723 shares in the last quarter. National Bank of Canada FI lifted its position in Ferrovial by 1,483.4% during the 3rd quarter. National Bank of Canada FI now owns 239,560 shares of the company’s stock worth $10,288,000 after buying an additional 224,431 shares in the last quarter. Finally, Brookfield Corp ON bought a new stake in Ferrovial during the 3rd quarter worth about $71,881,000.

Analyst Ratings Changes

Separately, Royal Bank of Canada upgraded shares of Ferrovial to a “hold” rating in a research note on Tuesday, November 12th.

About Ferrovial

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.