Short Interest in Libbey Declines By 18.5% (LBY)

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Shares of Libbey (NYSE:LBY) were the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 517,805 shares, a decrease of 18.5% from the July 15th total of 635,732 shares, ARN reports. Currently, 2.5% of the company’s stock are sold short. Based on an average trading volume of 122,579 shares, the days-to-cover ratio is currently 4.2 days.

Shares of Libbey (NYSE:LBY) opened at 26.05 on Thursday. Libbey has a 52-week low of $19.19 and a 52-week high of $28.00. The stock’s 50-day moving average is $25.45 and its 200-day moving average is $25.20. The company’s market cap is $563.1 million.

Libbey (NYSE:LBY) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.02 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.27. The company had revenue of $223.50 million for the quarter, compared to the consensus estimate of $213.97 million. During the same quarter last year, the company posted $0.84 earnings per share. Libbey’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that Libbey will post $2.38 earnings per share for the current fiscal year.

Libbey Inc (NYSE:LBY) is a producer of glass tableware products in the Western Hemisphere, in addition to supplying to key markets throughout the world.

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