Could Constellium NV (NYSE:CSTM) See a Reversal After More Sellers Came In?

January 16, 2018 - By Marie Mckinney

 Could Constellium NV (NYSE:CSTM) See a Reversal After More Sellers Came In?

The stock of Constellium NV (NYSE:CSTM) registered an increase of 43.17% in short interest. CSTM’s total short interest was 541,900 shares in January as published by FINRA. Its up 43.17% from 378,500 shares, reported previously. With 1.14 million shares average volume, it will take short sellers 1 days to cover their CSTM’s short positions. The short interest to Constellium NV’s float is 0.63%.

The stock increased 0.61% or $0.075 during the last trading session, reaching $12.425. About 1.24M shares traded. Constellium N.V (NYSE:CSTM) has risen 20.46% since January 16, 2017 and is uptrending. It has outperformed by 3.76% the S&P500.

Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company has market cap of $1.67 billion. The firm operates in three divisions: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry. It has a 36.65 P/E ratio. The Packaging & Automotive Rolled Products segment produces rolled aluminum products, including can stock and closure stock for the beverage and food industry, and foil stock for the flexible packaging market.

Constellium N.V (NYSE:CSTM) Ratings Coverage

Among 12 analysts covering Constellium NV (NYSE:CSTM), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Constellium NV has $19 highest and $600 lowest target. $11.55’s average target is -7.04% below currents $12.425 stock price. Constellium NV had 20 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Cowen & Co given on Monday, November 27. The stock of Constellium N.V (NYSE:CSTM) has “Buy” rating given on Friday, October 2 by Sterne Agee CRT. The stock has “Buy” rating by Seaport Global on Wednesday, November 23. Seaport Global downgraded the stock to “Hold” rating in Friday, July 28 report. The stock has “Market Perform” rating by BMO Capital Markets on Friday, July 28. The company was maintained on Monday, October 5 by Deutsche Bank. Morgan Stanley upgraded Constellium N.V (NYSE:CSTM) on Thursday, November 16 to “Overweight” rating. The rating was maintained by Cowen & Co on Thursday, July 27 with “Hold”. Credit Suisse initiated it with “Outperform” rating and $10 target in Friday, March 11 report. The stock of Constellium N.V (NYSE:CSTM) has “Hold” rating given on Friday, May 20 by Societe Generale.

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