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

POSCO Holdings Inc. (NYSE:PKX) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 773,400 shares, a decline of 18.8% from the February 13th total of 952,900 shares. Based on an average daily trading volume, of 317,900 shares, the short-interest ratio is currently 2.4 days. Currently, 0.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of POSCO from a “buy” rating to a “hold” rating in a report on Thursday, January 2nd.

POSCO Price Performance

Shares of NYSE PKX traded up $0.83 on Wednesday, hitting $53.34. The company’s stock had a trading volume of 245,983 shares, compared to its average volume of 197,511. POSCO has a 12-month low of $39.40 and a 12-month high of $81.94. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 2.14 and a beta of 1.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35. The stock has a 50 day moving average of $46.14 and a 200-day moving average of $53.45.

Hedge Funds Weigh In On POSCO

A number of institutional investors have recently modified their holdings of PKX. Victory Capital Management Inc. raised its position in shares of POSCO by 40.6% in the third quarter. Victory Capital Management Inc. now owns 19,863 shares of the basic materials company’s stock valued at $1,390,000 after buying an additional 5,731 shares during the last quarter. Natixis Advisors LLC raised its position in shares of POSCO by 17.1% in the third quarter. Natixis Advisors LLC now owns 26,599 shares of the basic materials company’s stock valued at $1,862,000 after buying an additional 3,884 shares during the last quarter. West Family Investments Inc. acquired a new position in shares of POSCO in the third quarter valued at approximately $335,000. Cerity Partners LLC increased its position in POSCO by 16.0% during the third quarter. Cerity Partners LLC now owns 15,459 shares of the basic materials company’s stock worth $1,082,000 after purchasing an additional 2,138 shares during the last quarter. Finally, FMR LLC increased its position in POSCO by 53.4% during the third quarter. FMR LLC now owns 18,285 shares of the basic materials company’s stock worth $1,280,000 after purchasing an additional 6,368 shares during the last quarter.

About POSCO

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.