POSCO Holdings Inc. (NYSE:PKX) Short Interest Down 19.4% in November

POSCO Holdings Inc. (NYSE:PKX) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 822,300 shares, a decline of 19.4% from the November 15th total of 1,020,000 shares. Based on an average daily trading volume, of 305,100 shares, the short-interest ratio is presently 2.7 days. Currently, 0.3% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC boosted its stake in 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 acquiring an additional 373 shares in the last quarter. Blue Trust Inc. grew its stake in POSCO by 668.2% during the 2nd quarter. Blue Trust Inc. now owns 6,822 shares of the basic materials company’s stock worth $448,000 after buying an additional 5,934 shares during the last quarter. Summit Global Investments increased its position in POSCO by 250.3% during the 2nd quarter. Summit Global Investments now owns 11,193 shares of the basic materials company’s stock valued at $736,000 after buying an additional 7,998 shares in the last quarter. Atomi Financial Group Inc. raised its stake in POSCO by 16.3% in the second quarter. Atomi Financial Group Inc. now owns 6,802 shares of the basic materials company’s stock valued at $447,000 after buying an additional 953 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its holdings in POSCO by 7.9% in 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 in the last quarter.

POSCO Stock Up 0.0 %

PKX traded up $0.01 on Monday, hitting $46.71. The company had a trading volume of 245,853 shares, compared to its average volume of 164,745. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 0.58 and a beta of 1.38. The stock has a fifty day moving average price of $56.81 and a 200-day moving average price of $62.82. POSCO has a 12-month low of $45.10 and a 12-month high of $96.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03.

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.