Metallus Inc. (NYSE:MTUS) Sees Significant Drop in Short Interest

Metallus Inc. (NYSE:MTUS) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 2,480,000 shares, a drop of 15.6% from the November 30th total of 2,940,000 shares. Based on an average trading volume of 405,500 shares, the short-interest ratio is currently 6.1 days. Approximately 6.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On Metallus

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC bought a new stake in Metallus during the 3rd quarter valued at $29,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Metallus in the third quarter worth about $41,000. Huntington National Bank purchased a new position in Metallus during the 3rd quarter valued at about $49,000. Y Intercept Hong Kong Ltd bought a new position in Metallus during the 3rd quarter valued at approximately $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Metallus in the 3rd quarter worth approximately $159,000. Institutional investors own 77.58% of the company’s stock.

Metallus Stock Performance

NYSE:MTUS traded up $0.40 during trading hours on Tuesday, reaching $14.13. The company’s stock had a trading volume of 337,701 shares, compared to its average volume of 319,787. The firm has a market capitalization of $600.44 million, a price-to-earnings ratio of 27.17, a PEG ratio of 1.66 and a beta of 1.39. The firm has a 50-day simple moving average of $15.29 and a 200-day simple moving average of $16.88. Metallus has a 1 year low of $13.64 and a 1 year high of $24.31.

Metallus Company Profile

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.