Skip to Content

Short Interest in Mativ Holdings, Inc. (NYSE:MATV) Has Dropped Significantly

Short Interest in Mativ Holdings, Inc. (NYSE:MATV) Has Dropped Significantly

During December, there was a sizeable reduction in the number of shares of Mativ Holdings Inc. (NYSE: MATV) sold short. As of December 15, there were 1,220,000 shares available for trading, representing a decrease of 6.9% from the total 1,310,000 shares available for trading during the previous month. The number of days represented by the short-interest ratio is currently 3.0. This figure was arrived at because 404,300 shares of the company’s stock are traded on average every trading day. At any given time, approximately 2.3% of the total number of outstanding shares of stock are sold short.
In a separate development, a research note regarding Mativ was released by CJS Securities on Monday, December 12. This publication served as the beginning of the company’s coverage of the company. They have placed an “outperform” rating on the company, and their price objective for the stock is set at $32.00.
According to another piece of news regarding Mativ, director Jeffrey Keenan purchased 3,000 shares of the company’s stock on Friday, November 18. The total value of the shares, which was calculated to be $57,810.00, resulted in an average price per share of $19.27. Following the successful completion of the acquisition, the director now owns 258,111 shares of the company’s stock. The total value of these shares is approximately $4,973,798.97. The acquisition was brought to the general public’s attention using a formal filing made with the SEC, which can be located here. In addition, the most recent fiscal period saw company insiders purchase 32,923 shares at a total cost of $663,491, which they did during the quarter. At this time, corporate insiders hold 1.80% of the company’s shares in their accounts.
The NYSE symbol “MATV” was first available for trading on Wednesday for $21.37. The company has been given the values 1.32 for its quick ratio, 2.42 for its current ratio, and 1.6 for its debt-to-equity ratio after calculating all three ratios. Mat reached a new all-time high of $32.03 during the period covered by the last 52 weeks, while the company’s all-time low was $18.29. The current price-to-earnings ratio for the company’s stock is 12.87, and its beta value is 0.76. The market capitalization of the company’s stock is currently valued at $1.17 billion, and its price-to-earnings ratio is currently at that level. The company has recorded an average of $21.09 over the last 50 days.
The most recent quarterly earnings report for Mativ (NYSE: MATV) was released on November 9, after the market had closed for the day. The company’s earnings of $0.74 were distributed to each shareholder for the period. Mat had a return on equity of 13.43%, and the net margin for the company was 2.33%. The company’s sales reached a cumulative total of $674,10 million during the period in question.
Additionally, the company declared a quarterly dividend, which was paid out on December 16 and distributed the following day, December 16. On November 25, dividends of $0.40 per share were disbursed to shareholders recognized by the company as owning the business. An annualized calculation suggests that this translates to a dividend payment of $1.60 and a yield of 7.49%. This dividend’s ex-dividend date was on November 23 (a Wednesday), and the dividend itself took place on November 23. Mat has a payout ratio of 96.39 percent as of right now.

Leave a comment

Your email address will not be published. Required fields are marked *