Short Interest in Jfe Holdings Inc. (OTCMKTS:JFEEF) Declines By 51.9%

Jfe Holdings Inc. (OTCMKTS:JFEEF) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 1,157,812 shares, a decrease of 51.9% from the July 15th total of 2,406,231 shares. Based on an average daily trading volume, of 129 shares, the days-to-cover ratio is presently 8,975.3 days. Currently, 0.6% of the company’s stock are sold short.

JFE Price Performance

JFEEF stock remained flat at $10.73 during trading on Monday. The firm has a market capitalization of $1.98 billion, a PE ratio of 11.75 and a beta of 0.26. The firm has a 50 day moving average price of $10.48 and a two-hundred day moving average price of $11.69. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 1.71. JFE has a one year low of $9.45 and a one year high of $15.00.

JFE (OTCMKTS:JFEEF) last announced its earnings results on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. JFE had a net margin of 2.05% and a return on equity of 3.54%. The business had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.19 billion.

About JFE

JFE Holdings, Inc (OTCMKTS: JFEEF) is a Tokyo‐based steel and engineering conglomerate that ranks among the largest industrial groups in Japan. The company operates primarily through two main segments: JFE Steel, which manufactures a broad range of steel products including flat‐rolled steel, long steel products and plates, and JFE Engineering, which provides environmental and resource treatment facilities as well as infrastructure systems. Serving key industries such as automotive, construction, shipbuilding and energy, JFE Holdings combines advanced steelmaking expertise with engineering services to support a wide array of global customers.

Formed in September 2002 through the merger of NKK Corporation and Kawasaki Steel Corporation, JFE Holdings built on a legacy of technical innovation spanning more than a century.