POSCO Holdings Inc. (NYSE:PKX) Short Interest Down 14.2% in February

POSCO Holdings Inc. (NYSE:PKX) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 952,900 shares, a decline of 14.2% from the January 31st total of 1,110,000 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 307,500 shares, the short-interest ratio is currently 3.1 days.

Hedge Funds Weigh In On POSCO

Several institutional investors have recently bought and sold shares of PKX. Northern Trust Corp boosted its stake in shares of POSCO by 157.0% in the fourth quarter. Northern Trust Corp now owns 429,264 shares of the basic materials company’s stock valued at $18,613,000 after purchasing an additional 262,257 shares during the period. Athos Capital Ltd acquired a new stake in POSCO during the 3rd quarter worth approximately $11,373,000. Maven Securities LTD purchased a new position in POSCO in the 3rd quarter valued at approximately $10,191,000. Ovata Capital Management Ltd acquired a new position in shares of POSCO in the fourth quarter worth $4,791,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of POSCO during the fourth quarter worth $3,801,000.

POSCO Trading Down 0.6 %

Shares of NYSE PKX opened at $45.47 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $13.80 billion, a PE ratio of 20.86, a PEG ratio of 2.14 and a beta of 1.39. POSCO has a twelve month low of $39.40 and a twelve month high of $85.84. The stock has a fifty day simple moving average of $44.36 and a 200-day simple moving average of $54.25.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of POSCO from a “buy” rating to a “hold” rating in a research report on Thursday, January 2nd.

POSCO Company Profile

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.