Metallus Inc. (NYSE:MTUS) Short Interest Down 27.0% in December

Metallus Inc. (NYSE:MTUS) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,810,000 shares, a decrease of 27.0% from the December 15th total of 2,480,000 shares. Currently, 5.0% of the company’s stock are sold short. Based on an average daily volume of 413,900 shares, the days-to-cover ratio is presently 4.4 days.

Metallus Price Performance

MTUS traded up $0.68 during trading hours on Wednesday, reaching $15.05. 318,912 shares of the stock traded hands, compared to its average volume of 328,801. Metallus has a fifty-two week low of $13.09 and a fifty-two week high of $24.31. The company has a market cap of $639.53 million, a price-to-earnings ratio of 28.94, a PEG ratio of 1.66 and a beta of 1.39. The firm’s fifty day simple moving average is $15.19 and its two-hundred day simple moving average is $16.36.

Hedge Funds Weigh In On Metallus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTUS. FMR LLC acquired a new position in shares of Metallus in the third quarter worth about $29,000. Mark Sheptoff Financial Planning LLC purchased a new stake in Metallus during the 3rd quarter worth approximately $41,000. Huntington National Bank acquired a new position in shares of Metallus in the 3rd quarter valued at approximately $49,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Metallus during the 3rd quarter valued at approximately $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Metallus during the third quarter worth approximately $159,000. 77.58% of the stock is owned by hedge funds and other institutional investors.

About Metallus

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.