Short Interest in POSCO Holdings Inc. (NYSE:PKX) Drops By 19.4%

POSCO Holdings Inc. (NYSE:PKX) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 822,300 shares, a decline of 19.4% from the November 15th total of 1,020,000 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 305,100 shares, the short-interest ratio is presently 2.7 days.

POSCO Trading Up 0.0 %

PKX stock traded up $0.01 during midday trading on Monday, reaching $46.71. The company’s stock had a trading volume of 245,853 shares, compared to its average volume of 164,745. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 0.58 and a beta of 1.38. POSCO has a 1 year low of $45.10 and a 1 year high of $96.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. The stock has a fifty day simple moving average of $56.81 and a two-hundred day simple moving average of $62.82.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded POSCO from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Athos Capital Ltd bought a new stake in POSCO during the 3rd quarter valued at $11,373,000. Maven Securities LTD purchased a new position in shares of POSCO during the third quarter valued at $10,191,000. Jane Street Group LLC increased its stake in shares of POSCO by 2,229.6% during the third quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock valued at $5,610,000 after buying an additional 76,719 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of POSCO by 32.1% in the third quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock valued at $17,711,000 after acquiring an additional 61,528 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in POSCO in the third quarter worth about $3,497,000.

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.