Libbey Inc. (NYSEAMERICAN:LBY) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 2,907,300 shares, an increase of 8.5% from the May 30th total of 2,679,500 shares. Currently, 13.8% of the company’s stock are sold short. Based on an average daily trading volume, of 187,400 shares, the days-to-cover ratio is currently 15.5 days.

NYSEAMERICAN:LBY opened at $1.53 on Wednesday. Libbey has a 12-month low of $1.45 and a 12-month high of $11.54.

Libbey (NYSEAMERICAN:LBY) last released its quarterly earnings data on Tuesday, April 30th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.05). The company had revenue of $175.65 million during the quarter.

In related news, CEO Michael P. Bauer bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $2.54 per share, for a total transaction of $25,400.00. Following the acquisition, the chief executive officer now owns 1,200 shares in the company, valued at approximately $3,048. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Brigade Capital Management, Lp sold 320,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $1.75, for a total value of $560,000.00. The disclosure for this sale can be found here.

A number of large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP boosted its position in Libbey by 17.2% during the 1st quarter. Royce & Associates LP now owns 1,932,362 shares of the company’s stock valued at $5,488,000 after purchasing an additional 284,113 shares during the period. Boston Partners boosted its position in Libbey by 19.0% during the 1st quarter. Boston Partners now owns 1,473,895 shares of the company’s stock valued at $4,186,000 after purchasing an additional 235,503 shares during the period. Wynnefield Capital Inc. boosted its position in Libbey by 10.4% during the 4th quarter. Wynnefield Capital Inc. now owns 930,000 shares of the company’s stock valued at $3,608,000 after purchasing an additional 87,800 shares during the period. BlackRock Inc. boosted its position in Libbey by 14.7% during the 4th quarter. BlackRock Inc. now owns 502,216 shares of the company’s stock valued at $1,949,000 after purchasing an additional 64,202 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Libbey by 9.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 162,238 shares of the company’s stock valued at $629,000 after purchasing an additional 13,853 shares during the period.

Separately, Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.

About Libbey

Libbey Inc designs, produces, and sells tableware and other products in the United States, Canada, Latin America, Europe, the Middle East, Africa, and internationally. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.

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