GrafTech International Ltd. Experiences Major Drop in Short Interest
December 22, 2023
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GRAFTECH ($NYSE:EAF): GrafTech International Ltd. has experienced a significant reduction in its short interest in recent weeks. GrafTech International Ltd. is a global leader in graphite electrode and carbon materials manufacturing. The company produces graphite electrodes that are used in the production of steel, aluminum, and other non-ferrous metals.
It also produces carbon materials used in the production of glass, plastics, and other specialty products. Its customers include steelmakers, metal fabricators, industrial consumers, and specialty product producers.
Stock Price
On Monday, GrafTech International Ltd. experienced a major drop in short interest, with its stock price opening at $2.4 and closing at $2.2, a decrease of 9.2% from the previous closing price of $2.4. This news sent shockwaves through Wall Street, as investors scrambled to make sense of the sudden dive. The company’s stock has been on a downward trajectory for some time, and the Monday dive serves as a culmination of this decline. It is unclear what events contributed to the sharp decrease in value, but investors are keeping a close eye on GrafTech International Ltd. to see if its fortunes can be reversed. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Graftech International. More…
| Total Revenues | Net Income | Net Margin |
| 730.87 | 12.49 | 1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Graftech International. More…
| Operations | Investing | Financing |
| 117.29 | -74.92 | 18.85 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Graftech International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.48k | 1.19k | 1.12 |
Key Ratios Snapshot
Some of the financial key ratios for Graftech International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -17.5% | -55.5% | 9.2% |
| FCF Margin | ROE | ROA |
| 5.8% | 13.7% | 2.8% |
Analysis
At GoodWhale, we analyzed GRAFTECH INTERNATIONAL‘s financials to provide an overall view of the company’s performance. According to our Star Chart, GRAFTECH INTERNATIONAL is classified as a ‘cow’ – a company with a track record of consistent and sustainable dividend payments. This type of company often appeals to value investors, as well as those looking for income opportunities. When we looked at GRAFTECH INTERNATIONAL’s financials in more detail, we found that they are strong in assets, medium in dividend, profitability, and weak in growth. We also found that the company has a high health score of 8/10 with regard to its cashflows and debt, indicating that GRAFTECH INTERNATIONAL is capable of sustaining future operations in times of crisis. More…
Peers
GrafTech International Ltd is one of the world’s largest manufacturers of graphite electrodes, which are used in electric arc furnaces to make steel. The company has a market share of about 17 percent. Its main competitors are Nanjing Baose Co Ltd, Zhenjiang Dongfang Electric Heating Technology Co Ltd, and Fuda Alloy Materials Co Ltd.
– Nanjing Baose Co Ltd ($SZSE:300402)
Nanjing Baose Co Ltd is a Chinese company with a market cap of 4.12B as of 2022. The company has a Return on Equity of 7.34%. Nanjing Baose Co Ltd is involved in the production and distribution of pharmaceuticals and medical supplies.
– Zhenjiang Dongfang Electric Heating Technology Co Ltd ($SZSE:300217)
Zhenjiang Dongfang Electric Heating Technology Co Ltd is a leading manufacturer of electric heating products in China. The company has a market cap of 10.34B as of 2022 and a return on equity of 7.75%. The company’s products are used in a wide range of applications including space heating, water heating, and industrial heating.
– Fuda Alloy Materials Co Ltd ($SHSE:603045)
Fuda Alloy Materials Co Ltd is a Chinese company that produces aluminum alloy products. Its market cap as of 2022 was $2.25 billion, and its return on equity was 6.16%. The company has a long history, dating back to the early 20th century, and is one of the leading producers of aluminum alloy products in China.
Summary
GrafTech International Ltd. (GTI) experienced a large decrease in short interest, which indicates that fewer investors are bearish on the stock. This could suggest that short sellers are closing their positions and that the stock is due for an upswing. Upon the news of this significant drop in short interest, GTI’s stock price moved down, however, it may be an opportune time for investors to take advantage of this situation and buy the stock as it may experience an upswing in the coming days.
It is important to conduct a thorough analysis of GTI’s fundamentals prior to any investing decisions. This includes examining the company’s financials, evaluating industry trends, and keeping abreast of any factors that may influence the stock price. With these considerations in mind, investors may be able to capitalize on a potential upside in GrafTech International Ltd.
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