POSCO Holdings Inc. (NYSE:PKX) Short Interest Update

POSCO Holdings Inc. (NYSE:PKX) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 822,300 shares, a drop of 19.4% from the November 15th total of 1,020,000 shares. Based on an average trading volume of 305,100 shares, the short-interest ratio is currently 2.7 days. Approximately 0.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded POSCO from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Institutional Trading of POSCO

Several institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of POSCO during the third quarter worth approximately $49,000. GAMMA Investing LLC boosted its stake in POSCO by 138.0% during the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 505 shares during the last quarter. CWM LLC raised its position in shares of POSCO by 22.9% in the second quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock valued at $132,000 after buying an additional 373 shares during the last quarter. Choreo LLC purchased a new position in shares of POSCO in the second quarter worth about $221,000. Finally, Ameritas Advisory Services LLC boosted its position in POSCO by 7.9% during the second quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock worth $268,000 after acquiring an additional 298 shares during the last quarter.

POSCO Price Performance

POSCO stock traded down $0.76 during trading on Friday, reaching $46.70. The company had a trading volume of 351,084 shares, compared to its average volume of 164,409. The firm has a market capitalization of $14.17 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 0.59 and a beta of 1.38. The firm’s 50-day simple moving average is $56.81 and its 200 day simple moving average is $62.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. POSCO has a 1-year low of $45.10 and a 1-year high of $96.98.

POSCO Company Profile

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.