United States Steel Corp. (NYSE:X) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 33,825,692 shares, a decline of 10.2% from the October 14th total of 37,661,275 shares. Based on an average daily volume of 22,292,663 shares, the days-to-cover ratio is currently 1.5 days. Approximately 20.6% of the company’s shares are short sold.

Several equities research analysts recently issued reports on the company. Jefferies Group boosted their price objective on United States Steel Corp. from $13.00 to $17.00 and gave the company an “underperform” rating in a report on Thursday, July 28th. Credit Suisse Group AG set a $29.00 price objective on United States Steel Corp. and gave the company a “buy” rating in a report on Wednesday, July 27th. Bank of America Corp. downgraded United States Steel Corp. from a “neutral” rating to an “underperform” rating and set a $21.00 price objective on the stock. in a report on Thursday, July 28th. Vetr downgraded United States Steel Corp. from a “strong-buy” rating to a “buy” rating and set a $23.28 price objective on the stock. in a report on Tuesday, November 8th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $21.00 price objective on shares of United States Steel Corp. in a report on Friday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. United States Steel Corp. has an average rating of “Hold” and a consensus price target of $22.00.

Shares of United States Steel Corp. (NYSE:X) opened at 27.78 on Tuesday. The stock’s market capitalization is $4.79 billion. United States Steel Corp. has a 12-month low of $6.15 and a 12-month high of $27.83. The stock has a 50 day moving average price of $19.23 and a 200 day moving average price of $18.91.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, November 11th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.20 annualized dividend and a yield of 0.72%. United States Steel Corp.’s dividend payout ratio is -2.19%.

A number of hedge funds have recently modified their holdings of X. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in United States Steel Corp. during the third quarter valued at approximately $103,000. Advisor Group Inc. bought a new stake in United States Steel Corp. during the second quarter valued at approximately $120,000. DekaBank Deutsche Girozentrale boosted its stake in United States Steel Corp. by 61.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,337 shares of the company’s stock valued at $133,000 after buying an additional 3,160 shares during the period. LS Investment Advisors LLC boosted its stake in United States Steel Corp. by 71.9% in the second quarter. LS Investment Advisors LLC now owns 8,787 shares of the company’s stock valued at $148,000 after buying an additional 3,675 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in United States Steel Corp. by 47.0% in the first quarter. Canada Pension Plan Investment Board now owns 9,700 shares of the company’s stock valued at $156,000 after buying an additional 3,100 shares during the period. 62.09% of the stock is currently owned by hedge funds and other institutional investors.

About United States Steel Corp.

United States Steel Corporation (U. S. Steel) is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

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