Mativ Holdings, Inc. (NYSE:MATV) Short Interest Update

Mativ Holdings, Inc. (NYSE:MATV) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,950,000 shares, an increase of 49.0% from the February 13th total of 1,980,000 shares. Currently, 5.5% of the shares of the company are sold short. Based on an average daily volume of 636,900 shares, the days-to-cover ratio is presently 4.6 days.

Mativ Price Performance

NYSE MATV traded up $0.38 on Friday, reaching $6.05. The company’s stock had a trading volume of 1,775,486 shares, compared to its average volume of 437,524. The firm has a market cap of $329.56 million, a PE ratio of -6.72, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72. The company has a current ratio of 2.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.28. Mativ has a 52 week low of $5.10 and a 52 week high of $19.96. The business has a 50-day moving average price of $8.54 and a 200 day moving average price of $12.66.

Mativ (NYSE:MATV) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). The company had revenue of $458.60 million during the quarter, compared to the consensus estimate of $472.70 million. Mativ had a negative net margin of 2.46% and a positive return on equity of 3.86%. Sell-side analysts expect that Mativ will post 1.15 EPS for the current year.

Mativ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend is Friday, March 14th. Mativ’s dividend payout ratio is currently -44.44%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus assumed coverage on shares of Mativ in a report on Thursday, November 21st. They issued a “hold” rating and a $15.50 price target on the stock.

Hedge Funds Weigh In On Mativ

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new position in shares of Mativ in the fourth quarter valued at approximately $33,000. Point72 DIFC Ltd bought a new position in Mativ in the 3rd quarter valued at $35,000. KBC Group NV boosted its stake in Mativ by 93.2% in the fourth quarter. KBC Group NV now owns 4,787 shares of the company’s stock worth $52,000 after purchasing an additional 2,309 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Mativ during the third quarter worth $82,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Mativ in the fourth quarter valued at $122,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

About Mativ

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.