10.6% decrease in Granite Construction Inc.'s short interest in September, with a days-to-cover ratio of 6.5 days.
Granite Construction Inc. (GVA) saw a 10.6% decrease in short interest in September, totaling 4.3 million shares shorted. The days-to-cover ratio is 6.5 days, with 9.9% of shares sold short. SVP Michael G. Tatusko sold 5,000 shares at $69.22 each. Major investors increased their stakes, and the company reported an EPS of $1.73, surpassing estimates. A quarterly dividend of $0.13 was paid, while Goldman Sachs raised its price target from $61 to $70 with a "sell" rating.
October 17, 2024
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