Short Interest in Ferrovial SE (NASDAQ:FER) Drops By 8.8%

Ferrovial SE (NASDAQ:FER) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 808,200 shares, a decrease of 8.8% from the November 15th total of 885,900 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 42,300 shares, the days-to-cover ratio is currently 19.1 days.

Hedge Funds Weigh In On Ferrovial

A number of hedge funds have recently added to or reduced their stakes in FER. Hsbc Holdings PLC bought a new position in Ferrovial during the 2nd quarter valued at $921,680,000. Legal & General Group Plc bought a new stake in shares of Ferrovial during the 2nd quarter worth about $325,256,000. Toronto Dominion Bank acquired a new position in Ferrovial in the 2nd quarter valued at $79,653,000. Bank of Montreal Can acquired a new position in shares of Ferrovial during the second quarter worth approximately $69,715,000. Finally, Brookfield Corp ON acquired a new stake in Ferrovial during the third quarter worth about $71,881,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Bank of America upgraded Ferrovial from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada upgraded shares of Ferrovial to a “hold” rating in a research note on Tuesday, November 12th.

Ferrovial Stock Performance

FER stock traded down $0.13 on Tuesday, hitting $42.88. 64,694 shares of the company were exchanged, compared to its average volume of 31,218. Ferrovial has a twelve month low of $35.30 and a twelve month high of $48.29. The business’s fifty day moving average is $40.77 and its two-hundred day moving average is $40.84.

Ferrovial Cuts Dividend

The company also recently declared a — dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be paid a dividend of $0.0366 per share. The ex-dividend date is Monday, December 16th.

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.