Metallus Inc. (NYSE:MTUS) Short Interest Down 27.0% in December

Metallus Inc. (NYSE:MTUS) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,810,000 shares, a drop of 27.0% from the December 15th total of 2,480,000 shares. Currently, 5.0% of the company’s shares are short sold. Based on an average daily volume of 413,900 shares, the days-to-cover ratio is presently 4.4 days.

Institutional Investors Weigh In On Metallus

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC acquired a new position in shares of Metallus during the 3rd quarter valued at $13,888,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Metallus during the third quarter worth about $1,104,000. Principal Financial Group Inc. acquired a new position in shares of Metallus during the third quarter worth about $2,956,000. State Street Corp purchased a new stake in shares of Metallus in the third quarter worth about $32,439,000. Finally, Empowered Funds LLC acquired a new stake in shares of Metallus in the third quarter valued at about $3,565,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Stock Performance

MTUS traded up $0.68 on Wednesday, reaching $15.05. 318,912 shares of the company’s stock were exchanged, compared to its average volume of 328,801. Metallus has a twelve month low of $13.09 and a twelve month high of $24.31. The company’s 50 day moving average is $15.19 and its 200-day moving average is $16.36. The company has a market cap of $639.53 million, a price-to-earnings ratio of 28.94, a PEG ratio of 1.66 and a beta of 1.39.

About Metallus

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.