POSCO (NYSE:PKX) Short Interest Update

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

Hedge Funds Weigh In On POSCO

Institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in POSCO in the fourth quarter valued at about $25,000. Founders Capital Management lifted its stake in POSCO by 100.0% in the third quarter. Founders Capital Management now owns 600 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Allworth Financial LP lifted its stake in POSCO by 51.6% in the third quarter. Allworth Financial LP now owns 682 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 232 shares during the last quarter. Headlands Technologies LLC grew its holdings in POSCO by 1,276.9% during the second quarter. Headlands Technologies LLC now owns 1,432 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 1,328 shares during the period. Finally, MAI Capital Management purchased a new stake in POSCO in the second quarter worth $73,000.

POSCO Trading Up 0.2%

Shares of POSCO stock traded up $0.12 during mid-day trading on Friday, hitting $65.53. 132,347 shares of the stock were exchanged, compared to its average volume of 211,275. POSCO has a 12 month low of $40.80 and a 12 month high of $67.96. The company has a 50-day simple moving average of $57.28 and a 200 day simple moving average of $54.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.96 and a quick ratio of 1.38.

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

Wall Street Analyst Weigh In

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

POSCO Company Profile

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.