POSCO (NYSE:PKX) Short Interest Update

POSCO (NYSE:PKX) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,189,111 shares, a drop of 23.1% from the January 15th total of 1,545,571 shares. Based on an average trading volume of 275,565 shares, the days-to-cover ratio is currently 4.3 days. Based on an average trading volume of 275,565 shares, the days-to-cover ratio is currently 4.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of POSCO in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

POSCO Stock Performance

NYSE PKX traded up $0.12 on Friday, hitting $65.53. The stock had a trading volume of 132,347 shares, compared to its average volume of 211,275. The firm has a 50-day moving average of $57.28 and a 200-day moving average of $54.15. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.96. POSCO has a 52-week low of $40.80 and a 52-week high of $67.96.

POSCO (NYSE:PKX) last released its quarterly earnings results on Thursday, January 29th. The basic materials company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.45 by ($1.06). POSCO had a return on equity of 1.09% and a net margin of 0.97%.The firm had revenue of $10.61 billion during the quarter, compared to the consensus estimate of $11.85 billion. Analysts forecast that POSCO will post 3.74 EPS for the current year.

Institutional Trading of POSCO

A number of large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership bought a new position in shares of POSCO in the third quarter worth approximately $8,851,000. Empowered Funds LLC bought a new stake in POSCO during the fourth quarter valued at approximately $9,223,000. Goldman Sachs Group Inc. grew its stake in POSCO by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 423,253 shares of the basic materials company’s stock worth $20,117,000 after buying an additional 154,100 shares in the last quarter. UBS Group AG increased its holdings in shares of POSCO by 135.6% in the 4th quarter. UBS Group AG now owns 199,914 shares of the basic materials company’s stock worth $10,637,000 after buying an additional 115,069 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of POSCO by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 481,595 shares of the basic materials company’s stock valued at $23,353,000 after buying an additional 78,835 shares in the last quarter.

About POSCO

POSCO (NYSE: PKX) is a South Korea–based integrated steel producer founded in 1968 as Pohang Iron and Steel Company. Headquartered in Pohang, the company grew rapidly as part of South Korea’s industrialization program and developed large, integrated steelworks—most notably in Pohang and Gwangyang—that helped establish POSCO among the world’s largest steelmakers. It is structured as a diversified industrial group with steelmaking at its core and a range of downstream and trading businesses.

The company’s primary activities include ironmaking and steelmaking, producing a wide array of steel products such as hot-rolled and cold-rolled sheets, coated steels, plates, stainless and special steels, long products (bars and wire rods), and seamless pipes.