Short Interest in Ferroglobe PLC (NASDAQ:GSM) Increases By 33.5%

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Ferroglobe PLC (NASDAQ:GSM) experienced a significant 33.5% increase in short interest during March, reaching 4,099,367 shares, which represents 2.5% of its sold shares with a 3.4 days-to-cover ratio. Concurrently, two directors purchased 26,000 shares each at $3.86, increasing insider ownership to 13.07%. The company also raised its quarterly dividend to $0.015, resulting in an annualized yield of 1.4%, while analysts maintain a “Hold” rating with a $6.00 target price.

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