Ferrovial SE (NASDAQ:FER) Short Interest Down 8.8% in November

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FER. Susquehanna International Securities Ltd. acquired a new position in shares of Ferrovial in the second quarter worth $228,000. Allspring Global Investments Holdings LLC purchased a new stake in Ferrovial during the 3rd quarter worth about $296,000. Oppenheimer Asset Management Inc. acquired a new position in Ferrovial in the 2nd quarter valued at about $307,000. Hancock Whitney Corp purchased a new position in Ferrovial in the 2nd quarter valued at about $352,000. Finally, Acadian Asset Management LLC purchased a new position in Ferrovial in the 2nd quarter valued at about $370,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Ferrovial Price Performance

Shares of NASDAQ FER traded down $0.13 during trading on Tuesday, hitting $42.88. 64,694 shares of the company were exchanged, compared to its average volume of 31,218. The firm’s fifty day moving average price is $40.77 and its 200 day moving average price is $40.84. Ferrovial has a 1 year low of $35.30 and a 1 year high of $48.29.

Ferrovial Cuts Dividend

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

Ferrovial Company Profile

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.